Luxury lifestyle online community YHouse has received funding of RMB120 million (approx: US$18.8 million) in its B Series financing round.
Youpu, a startup specializing in independent itinerary planning for outbound travel, announced it raised several million yuan in its A Series financing round.
Jin Jiang Hotels Group and Plateno Group officially sealed the strategic partnership deal in which Jin Jiang takes 81% stake in Plateno Group.
Finally, with bated breath, both the TravelDaily Innovator Award and People’s Choice Award of the event were presented to shopping site, shopnfly.
Chinese visitors have become a major force in the US tourism market, contributing per capita spending of more than US$6,000 each trip, 30% more than other international visitors.
Shiji Information Technology (Hong Kong) is acquiring 75% stake of Horwath HTL Asia Pacific from Sextant Investments for US$10 million in cash.
Didi-Kuaidi has invested US$100 million in US ride-share company Lyft, and paves the way for a partnership enabling Lyft to access ride-share service to China.
How can traditional travel agencies rejuvenate themselves and compete efficiently in the online marketplace?
