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Ctrip: number of visa seekers grows by 50% for summer
This summer, Ctrip saw bookings for overseas luxury hotels surge nearly 50 % year-on-year, according to its Ctrip Hotel College Data Research Center.
Alipay parent buys 20% stake in HK restaurant database OpenRice
Ant Financial has taken a 20 percent stake in OpenRice, Hong Kong's most popular online restaurant database and review service.
Beijing-Shanghai rail link is reportedly planning IPO
The unit’s parent China Railway and investors Ping An Asset Management and the National Social Security Fund have reached a consensus on the flotation, according to financial news outlet Caixin.
Booking funds Didi, Airbnb China names new president, Baidu and Alibaba vie for smart hotel
Booking Holdings invested $500 million in China’s ride-hailing platform Didi Chuxing. Airbnb China appointed a local serial entrepreneur as its new president. WeChat Pay decided to focus on outbound Chinese tourists.
Meituan's study tours in Hongcun hit with travelers
Data from Meituan Travel showed that the consumption of related coupons for Hongcun has witnessed an increase of 120% since June this year.
Huazhu ranked 4th globally, Meituan files for IPO, and more in ChinaTravelNews Briefing
AccorHotels’ shareholder Huazhu surpassed IHG in market capitalization as the world’s fourth highest valued hospitality group. Tencent-invested e-commerce and travel firms Meituan and Tongcheng Elong filed for Hong Kong listings.
Optimizing digital media mix in China – 5 areas demanding deeper introspection
The constant refining of features on high-traffic ecosystems such as Tencent, search-related activity going beyond search engines or the rising popularity of an app such as Douyin, such developments demand a deeper introspection into how creative and media strategy needs to be planned out in China.
Travel site Lvmama’s parent Joyu Culture Media secures another $402 million
Joyu Culture Media has raised $402 million in its latest financing after the September round. The latest round is completed through a third-party limited partnership acquired by Fullshare Holdings.
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