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Universal Studios and Legoland set to join theme park fray in China’s top cities
03/14/2017|5:07:29 PM|
Fuelled by public excitement of Shanghai Disney Resort’s opening last June, global theme park operators Universal Studios and Legoland are set to add their own theme parks in China’s top cities.
China's Airbnb Zhubaijia raises US$31 million
08/13/2015|10:21:00 AM|
Overseas short-term rental platform Zhubaijia announced it raised almost RMB200 million in its B Series financing round.
Xiaoluoquzu raises US$5 million in A Series financing round led by Lightspeed CP
08/12/2015|6:35:53 PM|
Xiaoluoquzu raised US$5 million in its A Series financing round, with Lightspeed China Partners as the lead investor and Tujia taking part.
Plateno’s experiences from its international expansion
04/07/2017|6:57:16 PM|
Chinese hotel chain Plateno may gradually demonstrate its own strengths in the future development as an international brand and differentiate itself from other brands under the umbrella of Jin Jiang International Hotels 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.
Utour jointly invests in US$322 million outbound tourism investment fund
08/10/2015|4:09:13 PM|
Utour will invest in a 10% stake in JV tourism investment company Tianjin Youtou Jinding Investment.
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.
Ctrip survey finds 73% Chinese travelers with budget of 10,000 yuan in 2017
03/30/2017|7:26:47 PM|
More than half of the polled Chinese travelers plan to spend over 10% of annual income on travel in 2017. Some 73% of them set aside a travel budget of more than RMB 10,000 (USD 1,452), and 60% will opt for outbound tours.
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