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China Southern Airlines sets up investment holding firm
05/05/2017|2:13:37 PM|
China Southern Airlines has set up its investment holding firm to operate industrial investment, financial service, and capital leverage. The official inauguration of the new firm is slated for June.
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%.
Travel conglomerate OCT to divest interests in two firms for 2.3 billion yuan
04/13/2017|10:15:10 AM|
Theme park and tourism firm OCT Co. plans to divest its stakes of 100% in Taizhou OCT and 60% in OCT Vision. The two deals will be worth RMB 2.3 billion.
Hotel conglomerate LN Holdings’ 2016 net profit drops 21.96% to 30.61 million yuan
03/23/2017|11:05:06 AM|
LN Holdings reported operating revenue of RMB 303 million in 2016, down by 0.99% YoY. Net profit dropped 21.96% to RMB 30.61 million during the time.
Outbound travel site Woqu merges with Lulutrip and announces $25 million B+ round
03/21/2017|8:02:53 AM|
Outbound local tour platform Woqu announced that it has merged with Lulutrip, a travel service for overseas Chinese tourists. Meanwhile, it has raised USD 25 million in its series B+ round funding.
Dear Chinese airlines: Digital marketing works in other ways
03/07/2017|3:21:02 PM|
Joseph Wang, Chief Commercial Officer of TravelDaily China & ChinaTravelNews, discusses digital marketing trends for China’s airline industry.
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.
Tailored-trip startup UniqueWay receives RMB 50 million
02/16/2017|7:08:16 PM|
Operator of tailored overseas tours UniqueWay has raised RMB 50 million in its series B round from China National Petroleum Corporation (CNPC)’s investment fund.
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