Utour is making a strategic investment in an overseas hotel to build a comprehensive chain of business and enhance its ability to tap into resources in short supply.
Qunar announced it has expanded its Board of Directors from seven to nine seats, and has appointed Liang Zeng, Yuming He, and Fang Wei from Baidu as directors.
GTA believes it is equipped with a strong blend of content and technology expertise to make the most of its presence in the B2B segment.
Qunar believes it has an opportunity to step up the average volume figure per hotel on the direct network and wants it to be on par with peers in mature travel markets.
Tuniu has been investing aggressively post its IPO last year. One area that has stood out is the blend of sturdy product procurement and regional expansion
Leisure travel and mini-vacation service Utour Travel recently received a RMB30 million investment, boosting its estimated value to nearly RMB300 million.
"Qunar's y-o-y rev growth reached 120% in Q2, the 5th consecutive quarter of over 100% growth," said Qunar CEO Chenchao (CC) Zhuang,
Tuniu announced its net revenues increased by 111.9% y-o-y to RMB1,518.2 million (US$ 244.9 million) in Q2 2015.
