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CAR Inc. reports huge increase in profit for Q3

Rental revenue was RMB3,214 million, an increase of 50% y-o-Net profit was RMB1,001 million, compared with RMB327 million in the same period of 2014.

11/18/2015|10:28:36 PM|ChinaTravelNews

Grand China Air raises its stake in Hainan Airlines to 34.85%

Grand China Air has confirmed it signed an acquisition agreement for a 4.89% stake in Hainan Airlines held by Hainan Development Holdings.

11/18/2015|10:31:01 PM|ChinaTravelNews

Volunteering travel platform Hive gets US$6.5 million financing

Volunteering and travel platform Hive announced it received a US$6.5 million financing led by CDH Fund and Will Hunting Capital.

11/17/2015|10:12:34 AM|ChinaTravelNews

China’s online tourism industry gets US$7 billion during first three quarters

A total of RMB550.29 billion worth of investments had been injected into China’s tourism industry in the first three quarters of the year.

11/16/2015|10:38:13 PM|ChinaTravelNews

Takeout service Eleme’s CEO confirms delivery partnership with Didi-Kuaidi

A Didi-Kuaidi source has revealed that the taxi app giant has completed an investment in O2O takeout service Eleme and will jointly develop takeout delivery.

11/13/2015|5:49:43 PM|ChinaTravelNews

Wanda Group to build multi-billion AUD Gold Coast theme park

Wanda Group is looking to develop a theme park on a 45-hectare plot in Australia’s Gold Coast for billions of AUD to rival the major theme parks in the area.

11/13/2015|10:55:27 PM|ChinaTravelNews

BMW Group acquires Chinese auto-leasing supplier Herald Leasing

BMW Group announced it has acquired Chinese domestic car leasing supplier Herald Leasing.

11/13/2015|10:56:14 AM|ChinaTravelNews

Huazhu Hotels's gets a hand in in Homeinns with 5% acquisition for US$68 million

Huazhu Hotels acquired a 5% stake in Homeinns for RMB435 million to inflate Homeinns's share price and thus push up the price of its proposed privatization.

11/13/2015|10:45:19 AM|ChinaTravelNews
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