Meituan-Dianping would have to spin off its hotel business as the company was expected to run out the 3.3 billion dollars raised in its series E round within 1.5 years.
IHG will allow its Chinese guests to pay via Alipay through all of IHG’s online and mobile channels, as well as across its full estate of hotels globally.
UCAR’s revenues rose 624% to RMB 2.32 billion in the first six months of 2016. Car-hailing orders climbed 283% to 55.34 million during the time.
BuGenTuan announced that it has just received tens of millions of yuan in its series A round from undisclosed investors.
Be it for an e-commerce platform or supporting different phases of a journey via their digital assets, Chinese airlines are looking to refining their sites and apps.
UTour’s operating revenue grew 41.99% to RMB 4.453 billion in first six months. Revenue from its outbound wholesale business was RMB 3.43 billion, up by 59.03% YoY.
China Lodging Group is optimistic that the key performance metrics would continue to show upward movement buoyed by quality of the product and a diverse brand mix.
Chinese tourists made 3.44 million trips to Thailand from January to April this year. Thai economy is still flagging while its tourism is showing outstanding vigor.
