HNA Group withdrew the offer to acquire FRAM Group, made on October 12, and sources say that the Chinese conglomerate will not make another bid.
Letv Auto will acquire a 70% stake in Yongche to completed the service loop of its Smart Car project.
Travel wholesale ecommerce and O2O platform Ilvyou announced it received RMB55 million in its A Series financing round, from lead investor CHC Capital.
Yongche has revealed t has completed a D Series financing round and will restructure its shareholding structure to make Letv its largest shareholder alongside Ctrip.
Priceline purchased from 5,600 to 129,200 of Ctrip’s ADS which brings Priceline’s holdings stake in Ctrip up to 12.63% in total.
Hainan Airlines is boldly attempting to achieve its dream of globalization through a series of acquisitions which have increased in intesity since 2010.
Group buy platform Meituan and ratings platform Dianping are seeking to raise US$2-3 billion from investors.
Vertical online platform for ski activities Huaxue Zhushou raised RMB12 million in an angel investment that has LETV Sports as lead investor.
