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Uber pours capital into Uber China while Didi-Kuaidi and allies plot war
09/02/2015|6:01:59 PM|
Didi-Kuaidi is plotting with Tencent’s CEO “Pony” Huateng Ma and Alibaba’s chairman Jack Ma on how to take down its aggressively expanding rival- Uber.
China Eastern’s LCC ambition takes off on a strong note
08/26/2015|8:42:11 AM|
China Eastern Airlines has set up new subsidiaries in order to ensure its LCC venture, China United Airlines, takes off on a strong foundation.
Shiji takes 75% stake of Horwath HTL for US$10 million
09/18/2015|8:58:09 AM|
Shiji Information Technology (Hong Kong) is acquiring 75% stake of Horwath HTL Asia Pacific from Sextant Investments for US$10 million in cash.
UCAR raises US$550 million boosting market valuation to US$3.55 billion
09/17/2015|8:59:07 AM|
CAR Inc. has announced that it is forking out US$50 million to take part in UCAR Group’s Series B financing. The financing round generated a total of US$550 million for UCAR, the operator of CAR Inc’s UCAR chauffeurerd service.
China’s business travel to become top in the world by 2017
09/16/2015|10:56:43 PM|
The numbers indicate that China is on track to overtake the US and become the world’s largest business travel market by 2017, despite uncertainties arising from China’s slowing economy.
Mobile rules, but offline, too, is pivotal as car rental brands scale up
08/22/2015|8:53:45 AM|
Car rental and service providers in China are looking at mobile for growth and cost controlling but that doesn’t mean that offline touch points are going out of favour.
Camping startup Eluying raises RMB10 million
09/14/2015|11:00:30 PM|
Mobile overseas living platform Eluying revealed that the company has completed the due process for the Pre-A round of investment, totaling RMB10 million from Avior Capital and Initial VC.
Fourth runway for Beijing Airport in use by 2018
09/14/2015|11:00:06 PM|
Shi said in the 4th Beijing Global Friend Airports CEO Forum on September 10, 2015 that the runway and new control center will be inaugurated in 2018.
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