Beibuwan Tourism has launched subscription for its 54.06 million shares and is set to publish its IPO at Shanghai Stock Exchange on March 11.
Utour achieved 40.32% y-o-y growth in revenue, recording RMB4.217 billion turnover and 24.32% y-o-y growth in shareholder profits totaling RMB109 million.
Five Hong Kong and Macau sole-proprietorship tour operators will begin directly soliciting mainland customers for outbound tours in a pilot scheme starting March 1.
Qunar will undercut competitors by at least 10% in all their hotel prices via cash-back promotions, adopting a new slogan “one cent hotel”.
Phoenix Travel Worldwide will make acquisitions and bolster its subsidary Global Joy while boosting its technological transition and trimming staff.
Ctrip’s biggest advantage is its branding and a one-stop service model with full responsibility for service quality throughout each sales stage.
Travel specialist to visa-free destinations Tripvip has received a RMB6 million angel investment from Pingan Ventures after only six months of operation.
Phoenix Travel Worldwide announced the completion of its second round of financing with a joint investment and a strategic partnership with Hong Kong New World Group
