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UCAR raises RMB 3.68 billion in latest funding round

04/13/2016|2:27:31 PM|

UCAR completed a financing round on February 29 and raised RMB 3.68 billion, pushing the company’s post-money valuation to RMB 28.7 billion, according to Charles Lu, chairman of the Chinese chauffeured service provider

HNA forms ecological technology group as sixth pillar

03/31/2016|2:15:04 PM|

HNA Ecological Technology Group has been officially set up in Haikou and becomes the 6th pillar of HNA Group after the conglomerate’s established presence in aviation, investment, tourism, finance and logistics. The eco-tech group has started “searching for acquisition targets around the globe”.

Global Eagle acquires IFE Services; plans to combine content service units in 2014

10/23/2013|2:56:06 PM|

Making good on its stated promise to further consolidate the inflight entertainment and connectivity (IFEC) industry, and work towards creating an “entertainment in motion powerhouse”, Global Eagle Entertainment has bought the UK-based parent of IFE Services – Travel Entertainment Group Equity – for $36 million in cash.

Universal Travel Group Announces Second Quarter 2010 Results

08/12/2010|8:52:42 AM|

Revenue for the three months ended June 30, 2010, was $36.7 million compared to $18.4 million for the same period in 2009, an increase of 99.6%.

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