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China takes up 15% of tours to Antarctica as 2nd largest source market

The number of Chinese visitors to the Antarctic last year reached 3,944, accounting for 15% of the global market share, and China has become the second largest source market for Antarctica tourism, according to data from IAATO.

07/17/2017|5:45:25 PM|ChinaTravelNews

Rural holiday operator Xiangban closes million-yuan Pre-A round

Xiangban Cultural Tourism, which operates idyllic tours to rural areas, has closed its million-yuan Pre-A round funding.

07/12/2017|10:18:04 AM|ChinaTravelNews

Tour guide app Lvji receives 25 million yuan in A round

Tour guide app service provider Lvji announced that it has raised RMB 25 million in its A round funding. The round had QF Capital as lead investor and also involved Beijing Jizhi Tech.

07/12/2017|11:27:32 AM|ChinaTravelNews

China Lodging, IDG Capital back Chengjia’s $50 million Pre-A round

Apartment service platform Chengjia has raised USD 50 million in its series Pre-A round funding, backed by its co-founders China Lodging Group and IDG Capital.

07/10/2017|6:58:58 PM|ChinaTravelNews

Wanda Group sells 13 projects, 76 hotels to Sunac for $9.3 billion

Chinese conglomerate Dalian Wanda and property developer Sunac China jointly announced on July 10 that Sunac will acquire 13 Wanda cultural tourism projects and 76 Wanda hotels for RMB 63.17 billion (USD 9.3 billion).

07/10/2017|4:14:26 PM|ChinaTravelNews

Bike-sharing firm Ofo raises $700 million in E round, backed by Alibaba

China's bike-sharing platform Ofo announced that it has received more than USD 700 million in its series E round funding. The round had Alibaba, Hony Capital and CITIC as the lead investors and also involved Didi Chuxing and DST.

07/06/2017|6:11:42 PM|ChinaTravelNews

China plans to relax private investment limit on state-own airlines

Chinese aviation authority CAAC issued a consultation paper proposing state carriers Air China, China Eastern and China Southern be allowed to have a relative control other than absolute control in the state ownership structure.

07/06/2017|10:25:16 AM|ChinaTravelNews

CITS wins duty-free concession at Beijing Capital Airport

CITS subsidiary China Duty Free Group has won duty free concession at Beijing Capital Airport for the next eight years. The company is to acquire a 51% stake in Sunrise Duty Free.

07/05/2017|7:17:46 PM|ChinaTravelNews
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