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Meituan Travel introduces group tour service

Meituan Travel launched a domestic group tour service and will first introduce 200 tour routes this year in 50 cities that have delivered the most travel bookings on the platform.

06/23/2017|11:57:26 AM|ChinaTravelNews

Crowd funding platform Duocaitou completes $10 million A round

Crowd funding platform Duocaitou has raised USD 10 million in its Series A round financing. DCM Ventures was the lead investor and Shunwei Capital also participated in the round.

06/23/2017|11:13:07 AM|ChinaTravelNews

Vanke acquires 36% of a giant tourism project in Yunnan

Vanke, a developer known more for its ski resorts than tourism real estates, recently acquired a 36% stake in a large tourism development program in Yunnan.

06/22/2017|11:01:31 AM|ChinaTravelNews

OCT Group to splurge 238 billion yuan in “cultural tourism and urbanization” of Xi’an

OCT Group has signed a 238 billion yuan strategic tie-up with Xi’an Municipal Government to bring its “cultural tourism and urbanization” model to the ancient city.

06/22/2017|10:19:44 AM|ChinaTravelNews

AR tour navigation startup Qiantech closes Pre-A round

AR navigation startup Qiantech announced on June 19 that the company has raised millions of yuan in its series Pre-A round funding.

06/20/2017|2:30:17 PM|ChinaTravelNews

China Eastern gives core staff 10% holding in ownership revamp of logistics arm

The ownership structure of China Eastern’s logistics unit will be diversified and core employees will share 10% holdings of the company.

06/20/2017|2:14:20 PM|ChinaTravelNews

Priceline Group CEO: online travel in China may still witness “significant volatility”

Priceline CEO Glenn D. Fogel believes that price is still incredibly important in China's OTA market. The key of setting up a brand in China is to understand ecosystems – Baidu, Alibaba and Tencent.

06/19/2017|1:58:57 PM|ChinaTravelNews

Mobike closes $600 million E round backed by Tencent

Bicycle rental platform Mobike has just raised over USD 600 million in its series E round funding backed by Tencent. The company plans to enhance its globalization, the Internet of Things, and AI.

06/20/2017|8:35:38 AM|ChinaTravelNews
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