Search results for “US-China”
Alibaba completes surprising investment in UCAR with a 10% stake
03/24/2016|5:08:53 PM|
Alibaba is said to have completed its investment in B2C chauffeured service UCAR, splashing out RMB 3 billion in exchange for nearly 10% of UCAR’s shares.
eHi upbeat about prospects despite marginal loss in Q4
04/05/2016|10:12:31 PM|
eHi expects 2016 to be another record year for its revenue growth. The team is counting on its integrated business model, brand awareness and mobile infrastructure.
CAR Inc. net profit soars by 220% thanks to hired and rental services
03/11/2016|10:17:23 PM|
Buoyed by its strategic expansion in car-rental, ride-sharing and second-hand car trading, the B2C-focused CAR Inc. registered 220% growth in net profit last year.
China Lodging compares its 11 years with Marriott’s six decades
03/22/2016|11:09:32 AM|
The Chinese hotel company intends to focus on 3 aspects – differentiating its flagship brand HanTing, sustaining its rapid expansion and strengthening its direct sales capability.
Chinese travelers spend over USD 100 billion overseas in 2015
02/04/2016|6:08:26 PM|
Chinese outbound visitor traffic in 2015 reached 120 million, up by 12% YoY, and they spent USD 104.5 billion, increased by 16.7% YoY.
HotelGG completes a RMB 5 million investment in BagEvent
02/23/2016|8:33:41 AM|
HotelGG has recently completed a RMB 5 million investment in BagEvent, an SaaS service company that specializes in managing event registration and on-site check-in.
6 million Chinese tourists spend RMB 90 billion overseas for New Year Holiday
02/16/2016|8:43:43 AM|
A record 6 million Chinese travelers traveled overseas during the Spring Festival holidays, spending RMB 90 billion in their travel, as China remains the world’s largest source market for outbound travel spending for three years.
Tuniu forays into unchartered areas in addition to its tour packages offering
03/03/2016|6:18:58 PM|
How is the current crop of online travel companies in China trying to unlock additional profitability? How can the huge volume of traffic be better monetized by OTAs? Are all transactions 100% digital?
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