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Ctrip sees 430-billion-yuan GMV in 2016

Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.

02/24/2017|9:53:15 AM|ChinaTravelNews

Ctrip's net revenues surge 76% in 2016

Ctrip reported net revenues of USD 2.8 billion in full year 2016, representing a 76% increase YoY. Accommodation reservation revenues rose 58% to USD 1.1 billion, accounting for 37% of the total revenues.

02/23/2017|7:36:07 PM|ChinaTravelNews

Meituan-Dianping announces 3-billion-yuan fund for consumer sector

Meituan-Dianping kick-started an industrial fund, targeting to invest RMB 3 billion in the consumer sector. The funding sources include Meituan-Dianping, Tencent and New Hope Group.

02/22/2017|11:47:29 AM|ChinaTravelNews

Study tour provider MaiTao closes B round backed by Fosun

MaiTao, an online service focusing on children learning and traveling experience, has raised RMB 70 million in its B round funding which had Fosun as the lead investor.

02/22/2017|5:36:32 PM|ChinaTravelNews

Hotel distribution firm HaoQiao raises RMB 120 million

International hotel distribution company HaoQiao.cn announced that it has received RMB 120 million in its latest round backed by National Small- and Medium-sized Enterprises Fund and China Merchants Capital.

02/21/2017|1:35:35 PM|ChinaTravelNews

Europe gears up to capitalize on prowess of China as a source market

The European Union is preparing activities for the forthcoming EU-China Tourism Year. The decision to christen Europe as the first partner destination for the ITB China event is such initiative.

02/22/2017|10:35:49 AM|ChinaTravelNews

House rental platform Locals closes 50-million-yuan Pre-A round

House-sharing platform Locals announced that it has raised RMB 50 million in its Pre-A round in which ZhenFund was the lead investor.

02/16/2017|2:06:31 PM|ChinaTravelNews

Tailored-trip startup UniqueWay receives RMB 50 million

Operator of tailored overseas tours UniqueWay has raised RMB 50 million in its series B round from China National Petroleum Corporation (CNPC)’s investment fund.

02/16/2017|7:08:16 PM|ChinaTravelNews
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