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Tripvip raises millions of yuan in series A round

Tripvip announced that it has received millions of yuan in its series A round. The outbound destination startup offers select and personalized itineraries.

06/28/2016|10:15:16 AM|ChinaTravelNews

Poly Real Estate plans to invest RMB 2.5 billion in Didi

Poly Real Estate will purchase 1.46% shares of Didi for less than RMB 2.5 billion. This puts the ride-share giant’s worth at about USD 26 billion. However, other data indicate that Didi may be worth at least USD 27.6 billion.

06/23/2016|10:50:36 AM|ChinaTravelNews

Tujia acquires Mayi in strategic tie-up with 58 Inc.

Tujia has fully acquired Mayi.com, and has made Mayi’s former controlling shareholder 58.com Inc. a new shareholder of Tujia.

06/22/2016|10:18:06 AM|ChinaTravelNews

China Lodging and Vanke back SimplyWork in series A round

Office-sharing platform SimplyWork announced that the company has raised RMB 30 million in its series A round. The round had China Lodging Group, Vanke and IDG Capital as investors.

06/22/2016|11:51:18 AM|ChinaTravelNews

Cncn Travel is to close series B round

Cncn Travel is close to completing its series B round. Whether the company will speed up its expansion after the capital injection remains to be seen.

06/20/2016|9:42:47 AM|ChinaTravelNews

Tongcheng Tourism plans demerger and separate IPOs

Tongcheng plans to split its business into two separate entities: a travel agency selling leisure tours and attractions and a network grouping the company’s profitable standardized products in air, accommodation and railway.

06/20/2016|10:20:43 AM|ChinaTravelNews

Tripb2b receives tens of millions of yuan in series A round

B2B travel platform Tripb2b announced on June 15 that the company has received tens of millions of yuan in its A-round funding. The funding that is purely financial investment was led by Yiyin Fund and followed by J-High Investment.

06/17/2016|9:43:19 AM|ChinaTravelNews

Directions raises millions of yuan in series Pre-A round

Outbound travel service platform Directions announced that it has closed its Pre-A round with millions of yuan from ONES Ventures. The money will be invested in product R&D and marketing.

06/16/2016|3:34:57 PM|ChinaTravelNews
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