Search results for “vacation travel”
UTour drops planned 2.6-billion-yuan takeover of HuaYuan
02/06/2017|9:47:42 AM|
Outbound tour operator UTour announced on February 2 that it has decided to pull the plug on the plan of fully acquiring HuaYuan travel agency for RMB 2.6 billion, “due to policy changes.”
Corporate travel company Meiya raises RMB 120 million
01/17/2017|7:02:47 PM|
Air distribution and business travel company Meiya received RMB 120 million in its series A round. The funding was supported by Fortune Capital and a fund inaugurated by China’ Ministry of Finance.
Tempus Global to buy 52% holding of Jettour for RMB 52 million
01/06/2017|11:41:59 PM|
Tempus Global will acquire 52% holdings of outbound tour operator Jettour for RMB 32 million in cash and RMB 20 million in capital injection.
Fosun spins off travel unit for IPO in 2020
12/01/2016|9:02:17 AM|
China’s private conglomerate Fosun International announced on November 29 that it will complete spin-off of its travel arm by the end of this year for a potential IPO in 2020.
China's top 20 travel groups collectively rake in record income
12/09/2016|3:05:30 PM|
The collective income of China’s top 20 tourism groups this year is 40% higher than last year. The rapid growth is said to be a result of capital-driven mergers and online-offline consolidations.
Ctrip merges with Qunar in vacation unit, denies Tuniu takeover
11/23/2016|10:41:01 AM|
Ctrip’s senior management announced in an internal letter that the company has merged with Qunar in their holiday units. Rumor of Ctrip buying Tuniu has been denied, meanwhile.
Ctrip invests in US-based Chinese tour operators
10/25/2016|8:16:18 PM|
Ctrip has invested in two of North America’s largest tour operators to build up its destination service and procurement system in the area.
Greenland rolls out G-Hotel brand in Ctrip tie-up
11/09/2016|11:09:30 AM|
Greenland Hong Kong and Ctrip announced a partnership in which the former’s serviced apartments will be listed on the latter’s online booking platform.
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