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Tongcheng Tourism plans to invest in Hongtu Airlines

Tongcheng Tourism is said to eye a strategic investment in Hongtu Airlines, as China’s OTAs seek to extend on supply and demand sides to gain customers and build their own core advantages by providing a full range of services.

07/05/2017|9:44:26 AM|ChinaTravelNews

New investor of Yidao Yongche displaces LeEco as majority shareholder

Chinese ride-hailing firm Yidao Yongche announced that it has brought in a new investor which will replace LeEco as controlling stakeholder of Yidao.

06/30/2017|11:40:05 AM|ChinaTravelNews

Crowd funding platform Duocaitou completes $10 million A round

Crowd funding platform Duocaitou has raised USD 10 million in its Series A round financing. DCM Ventures was the lead investor and Shunwei Capital also participated in the round.

06/23/2017|11:13:07 AM|ChinaTravelNews

Vanke acquires 36% of a giant tourism project in Yunnan

Vanke, a developer known more for its ski resorts than tourism real estates, recently acquired a 36% stake in a large tourism development program in Yunnan.

06/22/2017|11:01:31 AM|ChinaTravelNews

AR tour navigation startup Qiantech closes Pre-A round

AR navigation startup Qiantech announced on June 19 that the company has raised millions of yuan in its series Pre-A round funding.

06/20/2017|2:30:17 PM|ChinaTravelNews

China Eastern gives core staff 10% holding in ownership revamp of logistics arm

The ownership structure of China Eastern’s logistics unit will be diversified and core employees will share 10% holdings of the company.

06/20/2017|2:14:20 PM|ChinaTravelNews

Mobike closes $600 million E round backed by Tencent

Bicycle rental platform Mobike has just raised over USD 600 million in its series E round funding backed by Tencent. The company plans to enhance its globalization, the Internet of Things, and AI.

06/20/2017|8:35:38 AM|ChinaTravelNews

Japanese media firm Recruit acquires guest feedback platform TrustYou

Japanese internet and media group Recruit Holdings announced that it has acquired TrustYou, the world’s largest guest feedback platform, with the goal to further invest in the international hospitality and travel market.

06/14/2017|5:01:05 PM|ChinaTravelNews
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