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Bike-sharing firm Ofo raises $700 million in E round, backed by Alibaba
07/06/2017|6:11:42 PM|
China's bike-sharing platform Ofo announced that it has received more than USD 700 million in its series E round funding. The round had Alibaba, Hony Capital and CITIC as the lead investors and also involved Didi Chuxing and DST.
FIT Ruums ramps up operations in India
06/23/2017|10:31:36 AM|
FIT Ruums, Webjet Limited’s Asian B2B travel brand, has arrived in India and is rapidly ramping up its business in this dynamic market.
OTA Lvmama’s parent company Joyu Group lists on the New Third Board
12/18/2015|9:48:05 PM|
OTA Lvmama’s parent company, Shanghai-based Joyu Group, is listing on the New Third Board.
Homeinns contributes 81% of BTG Hotels’ operating revenue in Q1 2017
05/02/2017|9:32:16 AM|
BTG Hotels’ operating revenue skyrocketed 437.35% YoY in the first quarter of 2017 to RMB 1.913 billion, of which Homeinns contributed 81.02%.
HNA Holding cuts loss by 89.8% amid buying spree
04/26/2017|10:05:37 AM|
HNA Holding reduced annual loss by 89.8% last year while actively exploring overseas investment opportunities.
Universal Studios and Legoland set to join theme park fray in China’s top cities
03/14/2017|5:07:29 PM|
Fuelled by public excitement of Shanghai Disney Resort’s opening last June, global theme park operators Universal Studios and Legoland are set to add their own theme parks in China’s top cities.
HNA Group to merge its technology and logistics units
02/10/2017|11:22:32 AM|
HNA Group plans to merge its eco-tech and logistics businesses into a new entity.
China Lodging Group buys Crystal Orange Hotel for $540 million
02/27/2017|9:39:22 AM|
China Lodging Group (Huazhu Hotels) announced an agreement to buy 100% stake in boutique hotel operator Crystal Orange for RMB 3.65 billion (USD 540 million).
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