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Meituan Dianping restructures and removes hotel & travel businesses

Meituan’s in-store business, hotels, domestic vacation services and Zhenguo Homes have been integrated into a new in-store business unit. The transportation business is transferred to the LBS platform.

10/31/2018|3:19:28 PM|ChinaTravelNews

Tencent said to lead Mafengwo’s new funding round in the midst of scandal

Mafengwo is reported to be closing its latest round of financing led by Tencent, and the company is to reach a post-money valuation of $2 billion, according to 36Kr.

10/25/2018|3:27:26 PM|ChinaTravelNews

Suitcase brand ITO receives multi-million yuan in funding

ITO operates over 30 stores in Japan, South Korea, Singapore, Vietnam, the United States, Hong Kong, Taiwan and other countries and regions.

10/19/2018|8:27:40 AM|ChinaTravelNews

Ctrip embarks on hotel operation, Xiaozhu gets $300 million funding, and more

High-speed railway passenger volume increased by more than 50% year-on-year during China’s National Day holiday, Airbnb rival Xiaozhu has pocketed $300 million for beefing up security and services.

10/18/2018|8:22:02 AM|ChinaTravelNews

As airline merchandising evolves, how are OTAs upping the ante?

Every aspect of OTA business, right from analyzing the source of the traffic to what product to offer is becoming data-centric. The combination of cloud computing, data and analytics, machine learning etc. is set to pave way for insights that can help the likes of OTAs in their key decision-making.

10/22/2018|8:02:20 AM|ChinaTravelNews

Travel e-commerce portal Ksher picks up eight-digit funding from Sequoia

The company had raised an angel round funding from Japan’s Infinity Ventures Partners.

10/15/2018|2:41:21 PM|ChinaTravelNews

Microsoft accelerator member Showboom banks 20 million yuan for travel

Showboom Technology targets mid- to high-end outbound travelers with WiFi services, and it has launched travel phones and a mini-program.

10/11/2018|12:03:19 PM|ChinaTravelNews

China's Airbnb Xiaozhu.com lands nearly $300 million to enhance security and service

Jack Ma’s Yunfeng Capital and AdvanTech Capital were the lead investors, while GIC Private, Joy Capital, Morningside Venture Capital and Capital Today also joined the investment.

10/10/2018|11:15:13 AM|ChinaTravelNews
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