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eLong sets up special committee to evaluate Tencent’s privatization offer
08/14/2015|3:12:11 PM|
eLong has formed a special committee of three independent directors – May Wu, Shengli Wang and Adam J. Zhao – to evaluate the privatization from Tencent.
Spring Airlines to raise US$703 million in private offering to expand fleet
12/04/2015|5:59:16 PM|
Spring Airlines announced its application for a private offering of A shares has been approved by the China Securities Regulatory Commission.
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.
China’s small and medium airports operating at 80% loss
12/03/2015|6:02:11 PM|
CAAC distributed a total of RMB1.211 billion in subsidies to 146 airports. In 2014, 135 small and medium airports received a total of RMB1.079 billion in handouts.
Shiji Information acquires retail solutions provider Changyi Technologies
12/03/2015|6:00:56 PM|
Shiji Information announced that it will acquire full ownership of Beijing-based Changyi Technologies in a RMB630 million cash-based acquisition.
China becomes the top visitor source for many nations
12/03/2015|5:06:33 PM|
China has become the biggest visitor source market for the UK visitor visas issued to Chinese visitors exceeded those issued to Indian and US nationals.
Hotel Urbano’s founders give up majority control
12/02/2015|9:37:44 PM|
The brothers who founded Hotel Urbano, the Brazilian travel startup, have decided to step down.
Hong Kong Tourism Board reports continued slump in visitors for five months
12/02/2015|12:27:38 AM|
Visitor arrivals to Hong Kong fell for the fifth month with a 2.7% y-o-y drop in October to 5.0735 million, according tothe Hong Kong Tourism Board.
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