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Vienna Hotels invites Series C financing to pave way for IPO
02/26/2015|3:37:15 PM|
Vienna Hotel wants a Series C financing round this year to raise at least RMB1 billion and pave the way for an IPO in 2017.
Yongche cites anti-monopoly law to halt taxi app rivals’ merger
02/17/2015|6:12:06 PM|
Yongche is petitioning China’s anti-monopoly authorities to halt the merger of Didi Taxi and Kuaididache, accusing it as a serious breach of the “Anti-monopoly Law”.
Hotels in China need to embrace cloud based offerings in distribution technology
01/19/2015|8:47:30 AM|
The mindset of hoteliers in China is changing towards integrated solutions with one source of data flowing in real time between systems improving distribution efficiency and enhancing the guest experience through the booking process.
Phoenix Travel aims to restructure and improve technology after financing
02/13/2015|11:43:39 AM|
Phoenix Travel Worldwide will make acquisitions and bolster its subsidary Global Joy while boosting its technological transition and trimming staff.
Baidu and Japanese firms offer Chinese visitors free phone service
02/10/2015|10:10:52 AM|
Baidu and its Japanese partners are keen to woo Chinese travelers by offering a SIM card with shopping coupon gift service to Chinese during their stay in Japan.
Destination travel site Aoliday raises US$1.6 million
01/20/2015|3:32:25 PM|
Outbound DIY travel booking service Aoliday announced it raised RMB10 million in its Series A financing to enhance services and develop new destinations.
Caissa Touristic aims to go public
02/05/2015|4:49:30 PM|
Caissa Touristic is planning to make an A share listing using shell company Easy Food Co.
China Lodging Group sharpens portfolio strategy, targets network expansion
01/04/2015|2:56:49 PM|
ChinaTravelNews assesses how China Lodging Group is planning to strengthen its network as well as direct sales capability, which currently accounts for 90% of its bookings.
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