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Tujia to acquire homestay business of Ctrip and Qunar
10/24/2016|7:31:12 PM|
Vacation rental platform Tujia announced on October 20 a strategic agreement to acquire the apartment and house rental operation of China’s OTAs Ctrip and Qunar.
Qunar to close privatization in first half of 2017
10/19/2016|10:07:58 AM|
Qunar announced that it has entered into a definitive agreement with Ocean Management. The agreement valued the company at around USD 4.44 billion.
Deals Roundup: Travel finance has a long way to go
09/24/2016|9:26:13 AM|
A look at potential development of travel finance for consumers and suppliers, and a roundup of financing deals in travel industry:
Local car-hailing rules may wipe two-thirds of Didi’s value
10/14/2016|9:31:19 AM|
Didi’s market value, currently estimated at USD 35 billion, may decline by two-thirds if the draft laws are implemented, an industry investor told Securities Daily.
Tencent takes part in bike-sharing Mobike’s C+ round
10/14/2016|8:29:08 PM|
Bicycle rental startup Mobike announced on October 13 that it has completed another round of financing which had Chinese social network giant Tencent as one of the investors.
Alibaba’s IM unit rolls out corporate travel service
10/14/2016|9:29:09 AM|
More than 1,000 partner enterprises have signed up for the corporate travel service powered by Alibaba’s instant message unit DingTalk.
XiaoMing Bike secures a millions-of-yuan angel round
09/29/2016|3:48:40 PM|
Following bike rental ofo’s millions-of-dollar round backed by Didi Chuxing and recent financing of Mobike and YouBai, peer XiaoMing Bike also raised millions of yuan in an angel round.
Meituan-Dianping acquires payment license holder QianDaiBao
09/28/2016|10:27:05 AM|
Meituan-Dianping announced that the company has acquired third-party payment company QianDaiBao.
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