Search results for “Beijing”
Shouqi Car Rental buys 40% stake of Reo Car Rental
02/16/2016|11:01:04 AM|
Shouqi Car Rental has acquired a 40% stake of Reo Car Rental and become the latter’s largest shareholder. The move helps further its game plan in the domestic car rental market.
CNTA: holiday travel in China still growing
02/15/2016|11:21:36 AM|
Travel continued to grow during this year’s Spring Festival holidays, as the market offered a diversified range of travel products such as tours of heritage towns, hot-spring wellness holidays, and fun on ice and snow. As well, outbound tourism has become a mainstay.
OneHome completes Pre-A round funding with tens of millions
03/01/2016|10:55:02 AM|
Chinese homestay startup OneHome has just completed a Pre-A round funding and raised several million RMB from Alibaba’s Riverhill Fund, Morningside Ventures and an unnamed web celebrity.
UTour revenue skyrockets by 98.4% in 2015
02/29/2016|11:25:34 PM|
The Chinese outbound travel and MICE services operator UTour reported 98.4% revenue growth for 2015, to RMB 8.366 billion, and operating profit also went up by 79.17% to RMB 259 million.
The game of hotel contracting – are foreign OTAs playing it right?
01/30/2016|11:43:47 AM|
Domestic OTAs have massive lead over their counterparts from abroad in hotel business, be in terms of geographical coverage, number of properties, and volume of business.
A bite of China’s mobile payments pie – now Apple Pay wants it too
02/23/2016|9:56:19 AM|
Can Apple Pay take on Alipay and Tenpay in China? It’s going to be a herculean task, but Apple is optimistic going by its current level of growth in this market.
China set to become world’s largest business travel market
02/02/2016|11:00:36 PM|
China’s inbound and outbound tourism traffic is expected to grow 5% in 2016, to 263 million, of which inbound tourist arrivals are expected to increase by 2.5% to 137 million, while outbound tourism traffic will increase by 8% to 126 million.
Double-digit growth in Chinese outbound travelers continues for the 12th year
01/30/2016|4:05:17 PM|
China remains a leading force in the global market of outbound tourism with Chinese outbound visitors increasing at a double-digit rate for 12 years in a row.
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