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Caissa joins HNA investment companies in RMB 1.2 billion LeSports funding

Caissa Touristic plans to inject RMB 600 million in Jiaxing Fund and become a limited partner of the fund set up by investment subsidiaries of HNA Group. The fund plans to invest RMB 1.2 billion on funding sport shows online service LeSports.

03/17/2016|11:13:15 AM|ChinaTravelNews

UCAR becomes controlling shareholder of CAR Inc. after shares transfers

Following share transfers from Hertz Holdings and the management of CAR Inc. to UCAR, the chauffeured service provider will become the largest shareholder of CAR Inc.

03/16/2016|10:09:54 PM|ChinaTravelNews

UTour may gain 10% shares plus a board seat in Ctrip's vacation business

UTour and Ctrip will undertake cross-shareholding of 10% stake in each other and the former might acquire a board seat in the latter's holiday unit after the UTour acquires Huayuan.

03/17/2016|9:33:15 AM|ChinaTravelNews

China Eastern GM suggests lowering state shareholding to 40%

China’s major carriers used to have no less than 50% of equity held by the State. China Eastern general manager envisages lowering the state ownership to 40% to make room for more investors.

03/15/2016|10:11:34 PM|ChinaTravelNews

CAR Inc. net profit soars by 220% thanks to hired and rental services

Buoyed by its strategic expansion in car-rental, ride-sharing and second-hand car trading, the B2C-focused CAR Inc. registered 220% growth in net profit last year.

03/11/2016|10:17:23 PM|ChinaTravelNews

Ctrip’s partner UTour plans full acquisition of HuaYuan

Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.

03/03/2016|6:18:43 PM|ChinaTravelNews

MuNiao Short-term Rental raises tens of millions RMB in B-round funding

MuNiao Short-term Rental (Mu Niao Duan Zu) announces that it has raised tens of millions of RMB in the B-round funding, just six months after its A-round funding, through which the company raised RMB 60 million.

03/01/2016|11:22:42 PM|ChinaTravelNews

OneHome completes Pre-A round funding with tens of millions

Chinese homestay startup OneHome has just completed a Pre-A round funding and raised several million RMB from Alibaba’s Riverhill Fund, Morningside Ventures and an unnamed web celebrity.

03/01/2016|10:55:02 AM|ChinaTravelNews
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