Shandong Airlines announced a public tender of its 20% stake in Qingdao Airlines at a base price of RMB200.8 million.
Uber China has recently received a venture capital of one billion US dollars from investors, among them China’s largest search engine Baidu and China CITIC Bank.
Shanghai-based Jin Jiang Hotels Group has announced it is making cash-based acquisitions of compatible hotel assets from third parties in a major restructuring.
Beijing-based excursions platform Napiao has just received an angel investment of RMB5 million (approx: US$778,403) from Magic Stone Alternative Investments.
China Eastern Airlines has set up new subsidiaries in order to ensure its LCC venture, China United Airlines, takes off on a strong foundation.
Leisure travel and mini-vacation service Utour Travel recently received a RMB30 million investment, boosting its estimated value to nearly RMB300 million.
"Qunar's y-o-y rev growth reached 120% in Q2, the 5th consecutive quarter of over 100% growth," said Qunar CEO Chenchao (CC) Zhuang,
Tuniu announced its net revenues increased by 111.9% y-o-y to RMB1,518.2 million (US$ 244.9 million) in Q2 2015.
