Qunar’s management shake-up and 16% drop in its share price on the day, has caught the attention of a NY “corporate litigation boutique” law firm. Report by Tnooz.
LY.com has recently acquired its third tour operator, Guangzhou Chuanyou Travel, in a little over two months as it tightens its hold on the southern China regional market.
Ctrip has also been given the all-clear to buy MakeMyTrip shares on the open market and will be allowed to own up to 26.6%. Article by Tnooz.
Qunar is facing a revolt by the country's biggest airlines, several of which have withdrawn their own-branded sales portals from its website.
Leading Chinese mobile and online travel service provider eLong announced the appointment of Mr. David Zhou as its Chief Operating Officer.
Qyer announced it raised almost US$60 million in its D Series financing, led by OTA Utour and also taken part by SIG China.
A growing rivalry between Alitrip and Ctrip is expected to escalate as Alitrip aims to oust the top OTA in 18 months.
LY.com’s CEO Zhixiang Wu is actively preparing for an A share listing with its securities brokers and accountants and the Shenzhen Stock Exchange.
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