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Ctrip- and Tencent-invested Tongcheng merges with eLong, eyeing capital market
12/29/2017|7:38:54 PM|
Tencent and Ctrip will become major shareholders of the new entity TongCheng-eLong. Ctrip co-founder James Liang will serve as co-chairman.
Home-sharing platform Locals receives $24 million for its boutique B&B business
01/23/2018|8:59:42 AM|
This year, Locals will add two additional businesses, namely homeware retail and urban travel, to further tap into consumption deriving from B&B customers.
AI provider Babel Technology raises $4.5 million, valued at $45 million
12/22/2017|2:06:27 PM|
Babel Technology, a high-tech company that aims at providing interpretation across languages with artificial intelligence, has raised RMB 30 million (around $4.5 million).
Fosun leads bike-sharing firm HelloBike's $153 million funding
12/27/2017|7:11:36 PM|
HelloBike announced that it has raised RMB 1 billion (USD 153 million) in its D2 round of financing, which is led by Fosun and backed by Ant Financial that also invested in the last round.
Fintech startup of Tuniu former president snares $146 million in A round
01/12/2018|10:50:01 AM|
BlackFish, a fintech startup co-founded by online travel site Tuniu’s former executives, has raised RMB 950 million (USD 146 million) in A-round funding, backed by Lightspeed China Partners and Gobi Partners.
ChinaTravelNews Briefing: Booking’s reinvention, Mafengwo’s funding and more
12/25/2017|3:07:29 PM|
We join the dots of the events that took place in the past two weeks to offer insights into the Chinese tourists, travel startup funding rounds, major OTAs and internet giants’ technology solutions in China.
Travelsky completes OpenJaw takeover for USD 39.4 million
05/10/2016|1:33:21 PM|
Travelsky has completed its full acquisition of OpenJaw, a wholly-owned subsidiary of GuestLogix, in a USD39.4-million deal that is TravelSky’s first overseas purchase since its inauguration
ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017|2:15:13 PM|
In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
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