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zuzuChe.com completes B-round financing and is to close series B+ round

Outbound car-rental platform zuzuChe.com has raised millions of US dollars in its recently completed B-round funding. The company offers one-stop service including international driving license verification, insurance claims, itinerary planning and GPS service in Chinese language

05/27/2016|12:19:26 PM|ChinaTravelNews

Villa rental specialist SenseLuxury completes B round

High-end and mid-range apartment rental platform SenseLuxury confirmed that the company had completed its B-round funding from GoHigh Fund

05/27/2016|12:20:14 PM|ChinaTravelNews

UTour makes strategic investment in Yunnan outbound travel agency Joyer’s Journey

Chinese outbound travel operator UTour has entered into a strategic investment agreement with Yunnan outbound travel agency Joyer’s Journey (“卓越之旅”) to expand its outbound travel retailing market in Yunnan province.

05/26/2016|10:05:44 AM|ChinaTravelNews

Travelsky takes stake in China Merchants’ new insurance arms

Travelsky announced that it would make two investments of RMB 875 million each to take 17.5% shares from each of the two new China Merchants Group subsidiaries, CMRH Life and CMRH P&C

05/25/2016|9:29:06 AM|ChinaTravelNews

China’s tourism investments grow 42% in 2015

Tourism-related investments in China last year topped RMB1.0072 trillion, up 42%, according to CNTA.

05/17/2016|9:39:47 AM|ChinaTravelNews

Wan Zi Earth completes A round with millions of yuan from Alibaba

P2P tour guide platform Wan Zi Earth raised millions of yuan in its series A round funding with Alibaba as a strategic investor. The round was joined by SuHeHui, N5 Capital and Yinxinggu Capital

05/13/2016|10:09:31 AM|ChinaTravelNews

HNA-Caissa aborts Capital Airlines acquisition, turning to expand outbound services

HNA-Caissa has decided to walk away from its bid for Capital Airlines, and instead will raise up to RMB 8 billion via private placement to expand outbound tour services

05/10/2016|10:31:19 PM|ChinaTravelNews

Travelsky completes OpenJaw takeover for USD 39.4 million

Travelsky has completed its full acquisition of OpenJaw, a wholly-owned subsidiary of GuestLogix, in a USD39.4-million deal that is TravelSky’s first overseas purchase since its inauguration

05/10/2016|1:33:21 PM|ChinaTravelNews
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