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Tuniu sets up commercial factoring firms to boost capital support for industry

Tuniu became the first OTA stepping into the tourism factoring field as it announced on September 16 that it has been approved to establish two commercial factoring companies with an investment of RMB1.3 billion.

09/17/2015|3:32:14 PM|ChinaTravelNews

UCAR raises US$550 million boosting market valuation to US$3.55 billion

CAR Inc. has announced that it is forking out US$50 million to take part in UCAR Group’s Series B financing. The financing round generated a total of US$550 million for UCAR, the operator of CAR Inc’s UCAR chauffeurerd service.

09/17/2015|8:59:07 AM|ChinaTravelNews

Priceline boosts equity in Ctrip to above 13%

Priceline has pumped more than US$100 million to buy Ctrip shares in the open market recently, boosting its holding in Ctrip to 13.44% as of September 14.

09/17/2015|8:59:16 AM|ChinaTravelNews

DuduBus plans expansion with latest financing

Shenzhen-based DuduBus has completed its A round financing and has raised RMB52 million.

09/16/2015|4:18:23 PM|ChinaTravelNews

Utour partners Golden International to dig deeper into the US market

Utour has made a strategic investment in Golden International Air and Travel, known for its strength in handing independent travel and bus travel in the US.

09/16/2015|10:58:45 PM|ChinaTravelNews

Hong Kong Airlines holds IPO plan

Affected by the recent lackluster performance of the stock market, Hong Kong Airlines has reportedly shelved its plan to go public in Hong Kong in Q4 of this year.

09/16/2015|10:57:07 PM|ChinaTravelNews

TMC platform Miutrip supports industry small fries with new financing

Miutrip, a travel management company (TMC) specializes in providing integrated solutions for business travel, announced it has received multi-million investments in its A Round financing.

09/16/2015|3:25:21 PM|ChinaTravelNews

Universal Beijing theme park deal signed

The Chinese and US parties will set up a joint venture company to kickstart planning work with the goal of quickly launching the park.

09/16/2015|10:57:23 PM|ChinaTravelNews
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