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Ctrip becomes China Eastern’s fifth largest shareholder after RMB 3 bn investment

China Eastern Airlines has raised RMB 8.548 billion in a private placement and Ctrip has become the carrier’s fifth largest stakeholder after taking 3.22% for RMB 3 billion.

07/06/2016|10:05:19 AM|ChinaTravelNews

Atzuche raises over RMB 100 million in series B+ round

P2P car rental Atzuche has received more than RMB 100 million in its series B+ round.

07/05/2016|10:34:30 AM|ChinaTravelNews

MICE platform Eventown completes a new round of investment

MICE venue search portal and online one-stop-service platform Eventown Group announced on July 1 that it has completed a third round of funding worth over RMB 100 million led by Harvest Capital and joined by its existing investors.

07/05/2016|6:49:56 PM|ChinaTravelNews

Alitrip, Ctrip remove agents’ listings of international flights

Air ticketing in China has turned over a new leaf when four major carriers started to prohibit air ticketing by agents on third-party booking platforms.

07/01/2016|10:07:07 AM|ChinaTravelNews

Chinese ride-sharing company UCAR reaps 260,000 bookings per day in Q1 2016

Chinese ride-sharing company UCAR received more than 260,000 bookings per day on average in the first quarter of 2016, and cost per booking was declining.

07/05/2016|10:15:02 AM|ChinaTravelNews

Major US carriers intensify route deployments in China

Three American airline giants are stepping up route plans in China, making airports of the world’s second largest economy increasingly important as Asia‘s aviation hubs.

06/29/2016|9:59:16 AM|ChinaTravelNews

Chongqing bids for Disney Resort project in western China

Chongqing is actively wooing the Walt Disney Company, which has been considering building parks in central or western China even before work on the Shanghai park began.

06/29/2016|2:47:21 PM|ChinaTravelNews

Tripvip raises millions of yuan in series A round

Tripvip announced that it has received millions of yuan in its series A round. The outbound destination startup offers select and personalized itineraries.

06/28/2016|10:15:16 AM|ChinaTravelNews
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