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Ride-hailing platforms including Didi and Uber raise prices, no more money burning
07/28/2016|11:33:16 AM|
Ride-hailing platforms including Didi, Uber, UCAR and Yidao have cut subsidies and raised prices in several cities since last month.
Expedia posts 20% growth in hotel room nights
07/28/2016|6:05:42 AM|
Expedia‘s gross bookings increased 25% YoY to over $18.8 billion in the second quarter of 2016. Revenue increased 32% YoY to over $2.1 billion.
Travel startups create 3.39 million tourism jobs in 2015
07/27/2016|6:48:16 PM|
Tourism-related entrepreneurship and innovation created around 3.3945 million jobs in China in 2015, accounting for 12.13% of direct employment in the industry.
QuHappy.com completes Pre-A round financing
07/27/2016|9:31:44 AM|
Destination travel product distribution platform QuHappy.com has announced it had completed its Pre-A round financing in May. The investment from venture capital fund owned by Guangdong Technology Venture Capital Group in the round boosted the valuation of QuHappy to above RMB 100 million.
New Third Board-listed UCAR eyes bigger presence in China’s auto industry
07/25/2016|9:25:57 AM|
While investors of Didi and Uber are pushing for potential deals, UCAR has landed on New Third Board and is looking to carve a bigger slice of China's auto market.
Japan sees 40% more Chinese visitors in first half of 2016
07/22/2016|2:40:31 PM|
Mainland Chinese tourists made 3.0766 million trips to Japan from January to June this year, up by 41.2% YoY.
United Airlines eyes long-term growth in China’s lower-tier cities
07/21/2016|9:35:48 AM|
United Airlines looks to long-term operation out of lower-tier cities based on prudent evaluation of a destination’s economic and consumption potential.
Hilton recognized as top employer in China by Universum
07/20/2016|4:02:51 PM|
Hilton Worldwide has been hailed by Universum as one of China's Most Attractive Employers for the fourth consecutive year.
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