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UCAR to acquire 14.54% of CAR Inc. for RMB 1.917 billion

China’s chauffeured car service provider UCAR announced its plan to buy 318 million shares of CAR Inc., a provider of car rental services, for HK$ 2.262 billion (RMB 1.917 billion).

10/30/2017|10:50:08 AM|ChinaTravelNews

UTour net profit drops 13.79% in first 9 months 2017

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.

10/27/2017|6:41:17 PM|ChinaTravelNews

DerbySoft, Hotelchamp join forces in name of direct bookings

Travel distribution service firm Derbysoft and hotel direct-booking technology provider Hotelchamp announced a partnership to increase and convert hotel website traffic.

10/26/2017|3:50:47 PM|DerbySoft

Ride-booking App Shouqi secures RMB 600 million B round

China’s ride-booking App Shouqi Limousine & Chauffeur has secured RMB 600 million from a subsidiary of China Oceanwide Holdings Group, which now holds a 11.67% stake in the company.

10/26/2017|3:44:15 PM|ChinaTravelNews

Ctrip leads AI and big data study for superior travel experience

Ctrip studies 50TB data generated daily by its 300 million users to understand demographics, customer demands and travel behavior, strengthening capabilities in AI, big data and intelligent hardware.

10/26/2017|3:59:40 PM|Ctrip

China's high-speed rail serves 7 billion passengers in nine years

China's high-speed rail has carried 7 billion passengers since the Beijing-Tianjin high-speed rail service was inaugurated in 2008. The traffic volume has been growing at an annual rate of over 35%.

10/25/2017|10:49:46 AM|ChinaTravelNews

Ctrip opens up data and cross-platform synergies for destination marketing

Ctrip is not only growing its own technologies and data for destination marketing, but also exploring cross-platform strategies by partnering with internet giants including WeChat and Google.

10/25/2017|7:52:48 AM|ChinaTravelNews

Asia-Pacific hotel bookings increase 93%, with 88% rise in China

Tourico Holidays, a wholesale travel brokerage company, shared data reporting a 93% overall increase in Asia-Pacific hotel bookings in 2017 compared to the same time in 2016.

10/24/2017|2:00:26 PM|TouricoHolidays
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