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CITS net income grows 2.42% in 2015

CITS posted 6.8% revenue increase to RMB 21.292 billion for 2015, and net profit attributable to shareholders of parent company was RMB 1.506 billion, up by 2.42%

04/27/2016|7:54:06 AM|ChinaTravelNews

Outbound travel service Baicheng gets New Third Board listing

Beijing Baicheng International Travel was listed on New Third Board on April 22; Alibaba holds 16.47% stake in the travel agency as the second largest shareholder

04/27/2016|2:55:04 PM|ChinaTravelNews

Uthing completes Huiwan acquisition to tap outbound chauffeured market

Customized travel platform Uthing finished the merger with overseas chauffeured service provider Huiwan this April and the new entity will extend its services to a broader range of overseas destinations

04/21/2016|8:01:23 AM|ChinaTravelNews

Shafalvxing closes Pre-A round financing with RMB 12 million

Home rental app Shafalvxing announced on April 20 that it had completed its Pre-A round led by ZH Investment and investors had injected RMB 12 million into the online startup

04/21/2016|10:20:47 AM|ChinaTravelNews

Ticket booking APIN raises millions of yuan in A round

Air ticket booking platform APIN announced that it has completed its A-round funding with tens of millions of yuan from investors including Glory Ventures, Guanyou Investment, APC Fund, Desun Investment and Chuanghe VC

04/20/2016|9:04:18 AM|ChinaTravelNews

Travel agency GuangZhiLv acquires outbound wholesaler HuangGuanMeiTu

GuangZhiLv has formed a Hunan branch with HuangGuanMeiTu after acquiring the wholesaler in central China that specializes in short-haul tours to Southeast Asian destinations

04/20/2016|9:03:59 AM|ChinaTravelNews

HNA-Tourism-invested Zhubaijia gets nod for New Third Board listing

Shenzhen Zhubaijia has been approved for a New Third Board listing by the NEEQ System

04/19/2016|9:08:10 AM|ChinaTravelNews

Distribution SaaS Service Titan Cloud raises RMB 160 million in B round

B2B travel distribution provider Titan Cloud announced it has raised RMB 160 million in its B round funding, led by ChunXiao Capital and joined by various well-known investors such as WuTong Fund, Realize Investment and BoJiang Capital

04/19/2016|9:08:28 AM|ChinaTravelNews
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