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Yitu8.net receives more than RMB 20 million in series A+ round

Outbound chauffeured service platform Yitu8.net claimed to net more than 60,000 orders monthly, generating as much as RMB 20 million per month, and has so far serviced 1.2 million Chinese travelers.

06/03/2016|12:05:27 PM|ChinaTravelNews

Mankr receives millions of yuan in an angel round

Outbound travel service platform Mankr said that the company has completed an angel round in May with millions of yuan from an individual investor.

06/02/2016|11:43:44 AM|ChinaTravelNews

Phoenix Travel Worldwide plans listing with shell

Outbound travel service provider Phoenix Travel Worldwide (“凤凰旅游”) announced plans to go public using Lantian Stock as a shell, pending a share swap within Lantian.

06/01/2016|9:09:48 PM|ChinaTravelNews

Triploc raises RMB 27 million in Pre-A round

Outbound tour service social platform Triploc has completed its Pre-A round funding with RMB 27 million from Spring Airlines, Feima Fund and Qingcong Capital. The funds will be invested in beefing up its senior management and expanding its business ecosystem.

06/01/2016|3:42:20 PM|ChinaTravelNews

Shiji to acquire 19.6% voting right in Huanxun E-commerce for RMB 152 million

Shiji Information, a major PMS service provider in China, plans to splash out RMB 152 million to buy 100% shares of Great Kylin Investment, which owns 19.6% voting right in Huanxun E-commerce. Shiji also owns 22.5% of iPS, Huanxun E-commerce’s fully-controlled subsidiary

05/31/2016|10:03:28 AM|ChinaTravelNews

Didi denies rumored plan to get US listing in 2018

Ride-hailing service Didi Chuxing, the main rival of Uber Technologies Inc in China, denied on May 30 a rumored plan to go public in the United States in 2018.

05/31/2016|10:33:53 AM|ChinaTravelNews

Online hostel booking platform QmanGo completes a new round of investment

Online hostel booking platform QmanGo has won investment from Million Tons Capital and KeyTone Ventures in its latest investment round.

05/31/2016|9:28:27 AM|ChinaTravelNews

Spring Airlines revenue jumps 10.45% YoY in 2015

Spring Airlines’ 2015 revenue grew 10.45% YoY to RMB 8.094 billion, of which passenger service revenue grew 9.1% to RMB 7.576 billion, accounting for 98.78% of the total revenue

05/28/2016|10:25:04 AM|ChinaTravelNews
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