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QuHappy.com completes Pre-A round financing
07/27/2016|9:31:44 AM|
Destination travel product distribution platform QuHappy.com has announced it had completed its Pre-A round financing in May. The investment from venture capital fund owned by Guangdong Technology Venture Capital Group in the round boosted the valuation of QuHappy to above RMB 100 million.
Booking.com forges ahead with laser-sharp focus in China
06/23/2016|10:38:30 AM|
China continues to witness lot of action in the distribution space, but Booking.com intends to chart its course for organic growth in an assiduous manner.
Tuniu to expand new services for air ticketing and hotel booking
07/13/2016|11:18:32 AM|
Tuniu's air ticketing and hotel booking businesses both grew rapidly during first half of 2016 as travel customers are visiting the company's platform more frequently.
CITS becomes a HKCTS subsidiary
07/12/2016|3:08:07 PM|
CITS has merged with HKCTS and come under the full control of the Hong Kong-based state-owned travel enterprise.
Ctrip bullish over consolidated operating results with Qunar
06/20/2016|10:15:11 AM|
Ctrip started to consolidate Qunar’s financial statements from the accounting perspective. The companies are hopeful of posting non-GAAP operating profit soon.
Ctrip becomes China Eastern’s fifth largest shareholder after RMB 3 bn investment
07/06/2016|10:05:19 AM|
China Eastern Airlines has raised RMB 8.548 billion in a private placement and Ctrip has become the carrier’s fifth largest stakeholder after taking 3.22% for RMB 3 billion.
MICE platform Eventown completes a new round of investment
07/05/2016|6:49:56 PM|
MICE venue search portal and online one-stop-service platform Eventown Group announced on July 1 that it has completed a third round of funding worth over RMB 100 million led by Harvest Capital and joined by its existing investors.
Biqu gets capital injection from Meituan-Dianping
06/06/2016|9:39:37 AM|
Air ticket direct sales platform Biqu has secured an undisclosed sum in the latest financing round that has Meituan-Dianping as the lead investor.
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