Beijing Century-Mind Education announced it completed its B Series financing which raised one billion RMB.
CEO David Sun said that Homeinns is returning to the Chinese stock market because Chinese investors understand the hotel group better that US investors.
Chinese conglomerate Nanshan Group has acquired the Pullman Sydney Airport Hotel for approximately AUD$84 million.
LY.com is setting up a joint venture company with Korea’s Lotte Tour in a strategic partnership to consolidate local Korean tourism resources and procurement.
OTA Qunar has announced that its small and medium shareholders have endorsed its proposal to swap shares with Ctrip.
China Southern Airlines has made a deal to take an additional 4% holding of Xiamen Air from the other Xiamen Air shareholder, Xiamen C&D Corp, for RMB627 million.
Customized travel platform Uthing has completed a B Series financing and raised funding to the tune of RMB100 million.
The agreement comprises the acquisition of 25 hotels in 11 German cities for a total capacity of 1,816 rooms. It also includes a management platform based in Kiel.
