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HKCTS vows to avoid horizontal competition with CITS
10/02/2016|11:15:44 AM|
CTS Group, a new company formed of the HKCTS-CITS merger, announced in a recent commitment letter that it plans to avoid horizontal competition with its fully-own subsidiary CITS.
Alitrip launches VR view for mid- and up-scale hotels
09/30/2016|2:04:15 PM|
Alitrip launched 360-degree panoramic VR viewing of hotels listed on its platform. This is expected to help mid to upper range hotels increase booking conversion.
Hilton brings apartment-style hotel to China’s mid-range
09/30/2016|1:46:14 PM|
Hilton Hotels recently introduced its concept of apartment-style hotel to China for the first time in a bid to expand into the country’s mid-scale market.
China’s transport regulator to issue car-hailing regulations
09/30/2016|11:48:34 AM|
New rules on car-hailing will be released soon, the ministry will introduce supplementary regulations on the entire ride-sharing, vehicle registration and driver background.
XiaoMing Bike secures a millions-of-yuan angel round
09/29/2016|3:48:40 PM|
Following bike rental ofo’s millions-of-dollar round backed by Didi Chuxing and recent financing of Mobike and YouBai, peer XiaoMing Bike also raised millions of yuan in an angel round.
Caissa Touristic cuts private offerings by nearly RMB 800 million
09/29/2016|2:50:39 PM|
Caissa Touristic announced on September 26 that it has lowered its private placement target from the original RMB 8 billion to RMB 7.208 billion.
Five times more Chinese tourists will visit USA in next decade
09/29/2016|9:58:28 AM|
China-US Airport Opportunities Symposium estimated Chinese tourists to USA in next ten years will grow from 2.6 million in 2015 to 17 million in 2025, according to VOA.
Bike-sharing startup ofo secures B+ round backed by Didi Chuxing
09/28/2016|1:28:35 PM|
Bike rental platform ofo raised tens of millions of US dollars from Chinese car-hailing giant Didi Chuxing. The companies plan comprehensive cooperation.
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