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Qunar reports US$142 million revenue and 145.2% more hotel room sales in Q2 2015
08/25/2015|8:50:56 AM|
"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,
Shiji takes 75% stake of Horwath HTL for US$10 million
09/18/2015|8:58:09 AM|
Shiji Information Technology (Hong Kong) is acquiring 75% stake of Horwath HTL Asia Pacific from Sextant Investments for US$10 million in cash.
Tuniu sets up commercial factoring firms to boost capital support for industry
09/17/2015|3:32:14 PM|
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.
Winning over the elusive tag of running a successful B2C brand in China
08/12/2015|6:22:26 PM|
Travel e-commerce category is a highly competitive one in China. If there is any organization that can get closer to running a successful business in China, it looks like a brand from Priceline group.
UCAR raises US$550 million boosting market valuation to US$3.55 billion
09/17/2015|8:59:07 AM|
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.
Smart itinerary planner Mioji set to publicize product with latest financing
09/16/2015|10:59:04 PM|
Smart travel itinerary planner Mioji Travel had completed its B Round Financing raising US$20 million from lead investor BAI, and other investors including Morningside Venture Capital and DCM.
DuduBus plans expansion with latest financing
09/16/2015|4:18:23 PM|
Shenzhen-based DuduBus has completed its A round financing and has raised RMB52 million.
Technology and local partnership –that’s what Expedia is banking on in China
09/15/2015|10:59:51 PM|
Expedia believes it can lend a strong dimension to Chinese domestic intermediaries’ strategy to capitalize on demand for outbound travel .
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