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Smart riding brand SpeedX raises RMB 150 million
11/18/2016|3:58:44 PM|
Beijing-based smart cycling brand SpeedX announced its entry into bike-sharing sector, and an independent brand Bluegogo would be created to help the company expand the market. Meanwhile, SpeedX revealed it has raised RMB 150 million in its series B round.
Airport valet parking startup FeiBoTong closes A round
11/18/2016|10:53:23 AM|
Airport valet parking service provider FeiBoTong announced that it has received millions of yuan from series A round funding.
Didi Chuxing reportedly plans to cut 1,000 jobs
11/16/2016|12:55:53 PM|
Didi Chuxing is reportedly laying off more than a hundred employees, and the company may be aiming at cutting a total of 1,000 jobs, according to a Qieshengtai report.
Baidu Nuomi halts self-run hotel reservation
11/16/2016|11:44:40 AM|
Baidu Nuomi has transplanted Ctrip's and Qunar’s hotel-booking and ride-hailing services to its platform to replace its own services.
China investors splashed $9.25b on buying overseas hotels
11/15/2016|1:04:27 PM|
China’s investors have splashed USD 9.25 billion snapping up hotels and accommodation worldwide in 17 deals so far this year.
China Eastern plans to restructure as an investment firm
11/14/2016|9:45:16 AM|
China Eastern Airlines has filed an application to the state authority to restructure itself into a “state-owned investment company with airline characteristics.”
Cheap flight search engine Dwfei.com completes Pre-A round
11/11/2016|2:25:31 PM|
Guangzhou-based cheap flight search engine Dwfei.com, announced it has completed its Pre-A round worth millions of yuan. The platform helps users by travel to more countries for less.
Songcheng to build billion-yuan theater park in Australia
11/11/2016|10:05:14 AM|
Songcheng plans to build an entertainment park in the Gold Coast city of Queensland. The investment for the first phase will be around RMB 2 billion.
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