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Travel supplier Tempus Global to buy 60% stake in Chocolate Happy Land for $26 million

The two companies will cooperate on an equity basis, as Tempus controls substantial traffic flow and Chocolate Happy Land excels at running theme parks.

10/12/2018|12:57:39 PM|ChinaTravelNews

Microsoft accelerator member Showboom banks 20 million yuan for travel

Showboom Technology targets mid- to high-end outbound travelers with WiFi services, and it has launched travel phones and a mini-program.

10/11/2018|12:03:19 PM|ChinaTravelNews

China's Airbnb Xiaozhu.com lands nearly $300 million to enhance security and service

Jack Ma’s Yunfeng Capital and AdvanTech Capital were the lead investors, while GIC Private, Joy Capital, Morningside Venture Capital and Capital Today also joined the investment.

10/10/2018|11:15:13 AM|ChinaTravelNews

Ctrip ventures into hotel management by launching Rezen Hotels Group

The launch of Rezen Hotels, Ctrip’s first high-end hotel brand, marks the group’s strategy to branch out to the high star-rating hotel sector.

10/10/2018|8:42:03 AM|ChinaTravelNews

Tongcheng’s mass innovation unit injects multi-million yuan in incubated SIMTrip

SIMTrip is involved in the research and development of cross-border communications data technology. As of August, it has achieved over RMB 70 million in turnover, an increase of 130% year-on-year.

10/09/2018|3:45:39 PM|ChinaTravelNews

7m Chinese to peak National Day break, Meituan in-store, hotel & travel up 44.1% in revenue, and more

Around seven million Chinese are expected to travel abroad during the Golden Week. Meituan was listed in Hong Kong and reported a 10.6% rise in in-store, hotel and travel businesses GTV and 44.1% in revenue.

09/30/2018|1:16:38 PM|ChinaTravelNews

Airbnb counting on a blend of autonomy + global innovation in China

Airbnb is relying on razor-sharp product development backed by over 100 Chinese specialists and quality assessment of its listings to strengthen its operations in China, according to Airbnb’s Nathan Blecharczyk. The team has also interacted with China’s design community, meeting specialists from Didi Chuxing, Baidu etc. in the past year or so.

09/30/2018|9:28:28 PM|ChinaTravelNews

Differentiated offer and dynamic pricing – how to make it work

Dynamic pricing is an integral part of today’s offer management, and airlines are digging deep to embrace the same to become sophisticated retailers.

09/28/2018|7:44:35 AM|ChinaTravelNews
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