Search results for “tourism finance”
Ctrip acquires TangRen World to tap destination ground transport
01/03/2017|9:53:18 AM|
ChinaTravelNews learned from Ctrip that the company has acquired overseas chauffeur service provider TangRen World and will further improve its overseas ground transport management and quality control in the future.
China investors splashed $9.25b on buying overseas hotels
11/15/2016|1:04:27 PM|
China’s investors have splashed USD 9.25 billion snapping up hotels and accommodation worldwide in 17 deals so far this year.
FlightManager acquires outbound travel App XiaYiZhan
09/13/2016|9:22:44 PM|
FlightManager announced that it has acquired outbound travel App XiaYiZhan.
LN Holdings’ net profit rises 30.82% in third quarter
11/04/2016|2:58:27 PM|
LN Holdings’ operating revenue increased 3.98% to RMB 82.69 million in the third quarter of 2016. Net profit was RMB 7.85 million, up by 30.82% YoY.
Tented resort operator Vinetree closes series A round
10/25/2016|7:46:02 AM|
Southwestern China’s tented resort operator Vinetree announced that it received RMB 30 million in its series A round funding.
HKCTS vows to avoid horizontal competition with CITS
10/02/2016|11:15:44 AM|
CTS Group, a new company formed of the HKCTS-CITS merger, announced in a recent commitment letter that it plans to avoid horizontal competition with its fully-own subsidiary CITS.
CYTS revenue drops 1.65% in first three quarters
11/04/2016|2:06:30 PM|
State-owned travel agency CYTS recorded operating revenue of RMB 7.735 billion in first three quarters of 2016, down by 1.65% YoY. Net income was up by 53.15% YoY.
Meituan-Dianping reportedly mulls hotel unit spin-off for independent financing
08/25/2016|10:49:10 AM|
Meituan-Dianping would have to spin off its hotel business as the company was expected to run out the 3.3 billion dollars raised in its series E round within 1.5 years.
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