Search results for “profitability”
Ctrip-backed CME to buy 35% stake in Mind Letu for RMB 16.7 million
12/20/2017|9:25:44 AM|
Mind Letu will be transformed after the acquisition to create synergy in the demand-supply chain of research and study trips and customer acquisition channels so as to enhance its competitiveness.
B&B booking platform Qmango sets up ￥500 million B&B investment fund
12/08/2017|9:13:30 AM|
Chinese B&B booking platform Qmango has completed a new round of financing, and subsequently set up a RMB 500 million investment fund for B&B management companies and other related business.
Unspoken truths: canceling and re-booking for a better rate
11/14/2017|5:49:55 PM|
There have been reports of many guests canceling and re-booking their hotel rooms to achieve better rates, so how does this impact hoteliers and what can they do about it?
Jin Jiang hotels’ operating revenue stands at RMB 10.03 billion
11/03/2017|9:08:35 PM|
In January-September, Jin Jiang International Hotels netted RMB 10.03 billion in operating revenue, up 32.86%, and the net profit attributable to the listed company was RMB 712 million, up 40.75%.
Outdoor tech metacommunity FunPilot raises millions of yuan in angel round
11/24/2017|5:00:28 PM|
Outdoor tech metacommunity FunPilot has raised millions of yuan in an angel round of financing, after receiving RMB 700,000 from Hofan Capital in a seed round.
Ctrip extends ground services in partnership with Big Bus Tours
11/24/2017|1:40:51 PM|
The competition in ground transportation and catering services at tourist destinations will be more intense as OTAs tap into a wider range of destination resources.
UCAR to acquire 14.54% of CAR Inc. for RMB 1.917 billion
10/30/2017|10:50:08 AM|
China’s chauffeured car service provider UCAR announced its plan to buy 318 million shares of CAR Inc., a provider of car rental services, for HK$ 2.262 billion (RMB 1.917 billion).
Ride-booking App Shouqi secures RMB 600 million B round
10/26/2017|3:44:15 PM|
China’s ride-booking App Shouqi Limousine & Chauffeur has secured RMB 600 million from a subsidiary of China Oceanwide Holdings Group, which now holds a 11.67% stake in the company.
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