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Home Inns: Protecting margin and managing growth in a soft environment
03/13/2015|4:05:58 PM|
Home Inns & Hotels Management CEO David Sun is optimistic about the long-term perspective of the travel and lodging market in China.
Ctrip subsidiary Aiwan gets record investment from Fosun Group
03/11/2015|9:51:09 PM|
Aiwan announced it received multi-million Series A financing from Fosun Group, the largest investment ever in the fledgling theme travel market in China.
CAR Inc claims it will lead the chauffeur service segment within 6 months
04/01/2015|3:45:19 PM|
CEO Zhengyao Lu said: “We will invest at least RMB2.5 billion to attract new customers at the beginning and we have unlimited cash reserves to continue.”
Expedia founder among investors in Mafengwo’s Series C financing round
03/28/2015|7:24:03 AM|
Mafengwo has received funding to the tune of US$100 million from a number of investors including Expedia’s Rich Barton.
Luring Chinese for international travel – a game that is getting bigger and bigger
03/26/2015|7:24:39 AM|
Foreign tourism boards are trying to capitalize on this opportunity as international travel is increasingly getting more accessible for Chinese households.
O2O payment service Yeepay gets investment from TA Associates
03/18/2015|2:36:32 PM|
Global private equity fund TA Associates announced it invested an undisclosed amount in Chinese payment service Yeepay.
Shiji Technologies to acquire 25 million euro stake in hotel IT company SnapShot
03/17/2015|2:28:07 PM|
Shiji Technologies will invest 25 million euros to acquire 55.45% equity, of Austrian hotel data management company SnapShot.
Qunar sparks another OTA price war with hotel booking cash back
02/15/2015|11:41:30 AM|
Qunar will undercut competitors by at least 10% in all their hotel prices via cash-back promotions, adopting a new slogan “one cent hotel”.
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