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Foreign travel brands increasingly being lured by Chinese tech landscape
09/20/2018|10:10:37 AM|
Foreign companies like Booking Holdings are not only assessing business opportunities in the digital space of strategic relevance, but they are also keen on understanding how Chinese technology ecosystems are shaping consumption patterns of global relevance.
Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more
08/19/2018|3:54:23 PM|
Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
08/06/2018|11:58:59 AM|
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
China’s inbound tourist arrivals down 0.4% to 69.23 million in H1 2018
08/23/2018|10:48:30 AM|
For the first half of 2018, the number of domestic tourists in China increased 11.4% to 2.826 billion, and the number of outbound travelers was up 15% to reach 71.31 million.
Ctrip commits financing for immigration and real estate platform Hinabian
08/20/2018|2:38:12 PM|
The proceeds will be earmarked for implementing overseas business, and Ctrip will gear up its global business reach by providing open access for Hinabian.
China’s inbound & outbound tourist number reaches 310 million in H1, up by 7.7%
07/20/2018|3:45:50 PM|
The number of mainland residents leaving China jumped by 14.1% to 77.941 million, and the number of foreigners entering the country climbed by 11.2% to 23.11 million.
Ctrip-invested Tongcheng Tourism leads funding in Mehood Hotel
08/14/2018|4:16:20 PM|
Mehood expects to add 300 hotels to its inventory and launch 150 hotels by the end of this year, and increase the number of its hotels to 1,500 and open 1,000 hotels by 2022.
Camp education firm Star Sida pockets multi million yuan in funding
07/20/2018|5:47:39 PM|
In less than four years of operation, Star Sida has registered more than 30,000 campers and parents and expects to serve 20,000 campers in 2018 alone.
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