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Qunar to close privatization in first half of 2017
10/19/2016|10:07:58 AM|
Qunar announced that it has entered into a definitive agreement with Ocean Management. The agreement valued the company at around USD 4.44 billion.
Jin Jiang, Homeinns upgrade budget hotels to mid-range
10/18/2016|1:18:28 PM|
Hotel companies Homeinns and Jin Jiang remodeled some of their existing economy hotels to midscale hotels to overcome problems in finding properties and increase RevPAR.
BTG Hotels net income surges 467.06% in Q3 2016
10/18/2016|11:51:55 AM|
Operating revenue rose 541.76% to RMB 2.176 billion and net income climbed 467.06% to RMB 143 million, according to the company’s third-quarter preliminary results.
Joint Wisdom announces strategic deal with Shiji Information
10/18/2016|8:36:53 AM|
Hotel data specialist Joint Wisdom and PMS provider Shiji Information will cooperate on system services such as direct connect, PMS and revenue management.
Tencent takes part in bike-sharing Mobike’s C+ round
10/14/2016|8:29:08 PM|
Bicycle rental startup Mobike announced on October 13 that it has completed another round of financing which had Chinese social network giant Tencent as one of the investors.
Auto dealer, cab companies enter car-hailing sector in China
10/14/2016|2:34:31 PM|
Auto dealer’s car-hailing platform Dingding raised RMB 5 billion in a strategic tie-up with Everbright Bank’s financial leasing unit to enter the chauffeur market in China.
China will top global cruise market with 10 million passengers in 2030
10/14/2016|10:07:39 AM|
China is projected to become the world’s most important cruise market with 10 million cruise passengers in 2030 in the “2016 China Cruise Industry Development Report”.
Local car-hailing rules may wipe two-thirds of Didi’s value
10/14/2016|9:31:19 AM|
Didi’s market value, currently estimated at USD 35 billion, may decline by two-thirds if the draft laws are implemented, an industry investor told Securities Daily.
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