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International hotel groups boost efforts to cater to Chinese corporate travelers
05/12/2015|10:49:23 AM|
“Many Chinese travelers see the hotel they stay in as a symbol of career status.“
Huazhu Hotels's gets a hand in in Homeinns with 5% acquisition for US$68 million
11/13/2015|10:45:19 AM|
Huazhu Hotels acquired a 5% stake in Homeinns for RMB435 million to inflate Homeinns's share price and thus push up the price of its proposed privatization.
Mind Education raises B Series and announces plans to list on New Third Board
11/11/2015|2:46:35 PM|
Beijing Century Mind Education, announced it completed a B Series financing worth an estimated one billion RMB. Ctrip had invested in its previous financing round.
Jin Jiang forms WeHotel network, speculated to break OTA stranglehold
12/08/2016|11:52:56 AM|
State-owned Jin Jiang plans to build WeHotel loyalty to tap the vast collective customer bases of all subsidiary brands including Jin Jiang, Louvre Hotels, Plateno and Vienna Hotels.
Far East Group negotiating AUD$75 million acquisition of Pullman Cairns International
05/06/2015|4:19:38 PM|
Far East Consortium International’s chairman is in negotiations over a AUD$75 million deal to purchase the five-star Pullman Cairns International.
HNA Group makes US$65 million investment in Chang An Airlines
03/27/2015|3:41:09 PM|
The capital injection will help Chang An Airlines lower its asset-liability ratio while bolstering its regional and operational competitiveness.
Bus ticket platform 12308 raises US$7.8 million to launch O2O coach service
11/05/2015|5:05:30 PM|
Bus ticketing platform 12308 has received an investment worth RMB50 million from China Transinfo to help its plans to offer O2O long-distance coach service.
Ctrip backs PMS JV Jointwisdom
03/26/2015|7:23:51 AM|
Jointwisdom formed by restructuring Ctrip subsidiary Brandwisdom and CSHIS, has been launched in Beijing.
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