Jin Jiang reported a 41.48% increase in revenue and 59.1% increase in net profit in Q1 y-o-y, at RMB909 million and RMB154 million respectively.
China Southern Airlines has announced it will stop its 1% agent commissions triggering speculation that the “zero commissions” era for air ticketing is imminent.
Songcheng Performing Arts will set up a wholly-owned subsidiary and use it to acquire certain assets of XHA Group to develop a tourism zone in Fuzhou.
Driver hire service Edaijia has raised US$100 million in its Series D financing, raising its estimated value to US$8,000 million.
Visitor spending in Japan in Q1 this year leapt 64.4% year on year to a total of 706.6 billion yen, achieving a record high for the fifth quarter in a row,
The Chinese market is expected to be able to accommodate at least 10 additional theme parks of similar scale to Disneyland in the next 25-30 years.
Hong Kong received 10% fewer mainland tour groups during the last May Day weekend and hotels in the city were only filled to 70%-80% .
Spring Airlines recorded RMB254 million net profit in the first quarter of 2015, a y-o-y increase of 46.43%.
