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Jin Jiang Hotels reports AOR of 74.09% in H1 2016
08/31/2016|6:32:52 PM|
Jin Jiang Hotels reported average room rate of RMB 183.80 and average occupancy rate of 74.09% in H1 2016, according to the financial results released on August 29.
Passenger load factor of Juneyao Airlines reaches 86.09% in H1 2016
08/30/2016|10:30:39 AM|
Juneyao Airlines carried 6.2613 million passengers in the first half of 2016, an increase of 27.56% over the previous year. It’s passenger load factor reached 86.09%.
LN Holdings to splash out RMB 3.4 billion in hotel tourism investment
08/26/2016|2:53:03 PM|
LN Holdings planned to splurge RMB 3.437 billion to acquire 90.45% shares of GuangZhiLv, 100% stake in both Garden Hotel and China Hotel.
Meituan-Dianping reportedly mulls hotel unit spin-off for independent financing
08/25/2016|10:49:10 AM|
Meituan-Dianping would have to spin off its hotel business as the company was expected to run out the 3.3 billion dollars raised in its series E round within 1.5 years.
Octopus receives RMB 170 million in B round backed by Tempus Global
08/25/2016|10:46:42 AM|
A Tempus Global-led group planned to inject RMB 170 million into Octopus. Tempus Global will acquire a 4.17% stake in Octopus for RMB 50 million.
UCAR posts order growth, narrows net loss in H1 2016
08/24/2016|10:54:50 AM|
UCAR’s revenues rose 624% to RMB 2.32 billion in the first six months of 2016. Car-hailing orders climbed 283% to 55.34 million during the time.
Tailored-tour startup BuGenTuan closes A round
08/22/2016|7:44:33 PM|
BuGenTuan announced that it has just received tens of millions of yuan in its series A round from undisclosed investors.
UTour’s outbound wholesale revenue climb 59% in first half of 2016
08/22/2016|9:56:02 AM|
UTour’s operating revenue grew 41.99% to RMB 4.453 billion in first six months. Revenue from its outbound wholesale business was RMB 3.43 billion, up by 59.03% YoY.
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