Search results for “tourism finance”
Crowd funding platform Duocaitou completes $10 million A round
06/23/2017|11:13:07 AM|
Crowd funding platform Duocaitou has raised USD 10 million in its Series A round financing. DCM Ventures was the lead investor and Shunwei Capital also participated in the round.
BTG reports 550 million yuan net profit in first 3 quarters of 2017
11/01/2017|1:18:49 PM|
BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.
UTour net profit drops 13.79% in first 9 months 2017
10/27/2017|6:41:17 PM|
In the first three quarters of 2017, UTour generated RMB 9.224 billion in operating income, and net profit attributable to shareholders was RMB 182 million, down 13.79% year on year.
AI travel solution provider 52CX receives 50 million yuan in angel round
09/30/2017|5:09:56 PM|
AI travel solution provider 52CX has acquired RMB 50 million in its angel round of financing, which was led by Hede Wanjia Fund and backed by Long Lv 365.com.
Outward bound and travel platform Hiyo completes a ¥14 million angel round
09/29/2017|1:43:13 PM|
Targeting young travelers, Hiyo develops its products around the concept of “minimal transportation, short distance”, and plans its content around socializing, relaxation and entertainment.
China’s star-rated hotels net RMB 471 million profit in 2016
10/23/2017|10:46:33 AM|
The star-rated hotels in China netted operating incomes of RMB 202. 726 billion and total profits of RMB 471 million last year. Room and catering accounted for 44.79% and 41.30% of the total revenues.
South Korean businesses suffer major decline from China arrivals downturn
08/07/2017|11:20:24 PM|
Reduced visitor arrivals from China drove down profit of Lotte Department Store and Lotte Mart by 49% and sales volume by 4.3%; while demand for Lotte milk powder and candies also shrank drastically in ongoing THAAD fallout .
BTG Hotels’ operating income rises 71.33% YoY to ¥3.988 billion
08/31/2017|9:45:57 AM|
BTG Hotels reported operating income of ¥3.988 billion in H1 2017, an increase of 71.33%; net profit attributable to the parent company grew ¥227 million to ¥241 million, an increase of 1626.29%.
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GBTA launches global equity program to support business travel professionals in emerging markets through sponsored memberships

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Global tourism shift: China and U.S. slow down while India rises

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Lufthansa plans to suspend Beijing flights as German investments in China reach record high

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Trip.com Group reports 70% rise in Q1 international OTA platform revenue

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China, Japan and South Korea target 40 million tourist exchanges by 2030

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