Search results for “RMB”
Ctrip's net revenues surge 76% in 2016
02/23/2017|7:36:07 PM|
Ctrip reported net revenues of USD 2.8 billion in full year 2016, representing a 76% increase YoY. Accommodation reservation revenues rose 58% to USD 1.1 billion, accounting for 37% of the total revenues.
Travel-share platform TangGuo raises 100 million yuan in A round
03/08/2017|9:57:39 AM|
Travel and accommodation sharing platform TangGuo received RMB 100 million in its A round. The company has 130,000 listings encompassing villas, homestays and apartments in 218 cities worldwide.
Runaway growth in China’s outbound travel may slow down
12/03/2015|6:03:09 PM|
Slowing economy, devaluing yuan and plummeting stock market will likely dampen the outbound travel enthusiasm of Chinese tourists.
Ctrip sees 430-billion-yuan GMV in 2016
02/24/2017|9:53:15 AM|
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.
Meituan-Dianping announces 3-billion-yuan fund for consumer sector
02/22/2017|11:47:29 AM|
Meituan-Dianping kick-started an industrial fund, targeting to invest RMB 3 billion in the consumer sector. The funding sources include Meituan-Dianping, Tencent and New Hope Group.
Tuniu posts $2.9 billion total travel GMV in 2016
03/01/2017|10:22:55 AM|
Tuniu reported a 66.0% rise in total travel GMV to RMB20.0 billion (USD 2.9 billion) in 2016, according to its unaudited financial results for the fourth quarter and full year of 2016.
Study tour provider MaiTao closes B round backed by Fosun
02/22/2017|5:36:32 PM|
MaiTao, an online service focusing on children learning and traveling experience, has raised RMB 70 million in its B round funding which had Fosun as the lead investor.
UTour drops planned 2.6-billion-yuan takeover of HuaYuan
02/06/2017|9:47:42 AM|
Outbound tour operator UTour announced on February 2 that it has decided to pull the plug on the plan of fully acquiring HuaYuan travel agency for RMB 2.6 billion, “due to policy changes.”
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