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China Car Experts raises RMB 2.15 billion in A+ and B rounds
12/28/2016|11:49:56 AM|
State-owned car rental company China Car Experts raised RMB 2.15 billion in its series A+ and B rounds. The company received RMB 800 million in its A round in October 2015.
Taiwan OTA KKday raises $7m in A+ round
12/05/2016|9:30:03 AM|
Taiwan-based online travel company KKday received USD 7 million in series A+ round funding for further expansion in Asia.
FIT Ruums partners with DidaTravel Technology in China
11/22/2016|3:58:14 PM|
Webjet Limited’s newly launched B2B accommodation distributor FIT Ruums has formed a partnership with DidaTravel Technology in China.
Smart riding brand SpeedX raises RMB 150 million
11/18/2016|3:58:44 PM|
Beijing-based smart cycling brand SpeedX announced its entry into bike-sharing sector, and an independent brand Bluegogo would be created to help the company expand the market. Meanwhile, SpeedX revealed it has raised RMB 150 million in its series B round.
Fosun spins off travel unit for IPO in 2020
12/01/2016|9:02:17 AM|
China’s private conglomerate Fosun International announced on November 29 that it will complete spin-off of its travel arm by the end of this year for a potential IPO in 2020.
China Southern boosts services to Australia-NZ markets
02/16/2015|11:27:08 AM|
China Southern Airlines plans to bolster its passenger service to Australia and New Zealand this year to meet customer demand.
Ctrip merges with Qunar in vacation unit, denies Tuniu takeover
11/23/2016|10:41:01 AM|
Ctrip’s senior management announced in an internal letter that the company has merged with Qunar in their holiday units. Rumor of Ctrip buying Tuniu has been denied, meanwhile.
Chinese carriers seek to challenge US dominance in China-US airline market
02/12/2015|11:45:27 AM|
A new era of growth and competition is expected for US and Chinese carriers following the Sino-US bilateral visa extension policy in November 2014.
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