The Guangdong Tourism Association is tasked to promote the setting up of tour companies solely or jointly owned by Hong Kong investors.
Ctrip has recently launched Ctrip Global Cash Passport as part of its effort to extend its presence across the wider travel industry, its platform and online finance.
Chinese outdoor specialist Toread will invest RMB230 million (approx: US$38 million) for 74.56% equity in OTA Eyoutour.
Qunar witnessed growth across all the verticals last year. The company believes it can only build on its foundation from here on.
E-fenqi, an online platform offering pay-by-installments travel to college students, has recently received an angel investment of RMB5 million.
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
Aiwan announced it received multi-million Series A financing from Fosun Group, the largest investment ever in the fledgling theme travel market in China.
Tuniu has announced on March 9 2015 the acquisition of Hangzhou-based Zhongshan Travel and Tianjin-based China Classical Holiday.
