Long-stay rental platform Mofang Apartment has raised USD 300 million in its series C round financing led by AVIC Trust, according to a WeChat Official Account named Fang Dong Dong on April 7
HotelGG announced partnership with strategic investor Leyard Optoelectronic and the companies will provide LED equipment lease for hotel events.
BTG Hotel announced that it had set up a joint venture with Alitrip and Shiji Information to form a hotel alliance brand and provide free full-content e-commerce services to the alliance’s hotel members.
Foreign hotels are looking into issues related to pricing, brand integrity and distribution infrastructure when it comes to dealing with OTAs in China.
Robots as a proposition for hotels are exciting and can charm guests. But can they go beyond this and understand what guests want? Probably yes, they can in the future.
Meeting venue booking platform Huixiaoer announces the completion of its B-round funding with tens of millions of US dollars. The round was led by DCM Ventures and joined by IDG Capital Partners.
In China, travel companies are still predominantly working on static rates. In fact, some of the Chinese OTAs work on this model too.
The newly incorporated hotel alliance plans to recruit within three years more than 50 mid-range or high-end hotel groups that have more than 1,500 hotels in the country.