Caissa Touristic is setting up a cruise sales company and will invest at least RMB5 billion over the next three years to build China's largest O2O cruise sales platform.
China’s Ministry of Commerce has arranged a meeting with Ctrip and related parties to inquire the case against Ctrip under anti-monopoly and fair trade rule.
China’s top group buy platform Meituan has just concluded its full acquisition of OTA Kuxun from TripAdvisor.
eLong has formed a special committee of three independent directors – May Wu, Shengli Wang and Adam J. Zhao – to evaluate the privatization from Tencent.
Utour will invest in a 10% stake in JV tourism investment company Tianjin Youtou Jinding Investment.
OTA Tuniu announced it has been issued an insurance agent license and its newly established Tuniu Insurance Company has begun operations.
Qunar has accusing its arch rival Ctrip of breaching Anti-Monopoly Law and the State’s declaration threshold guidelines in its acquisition of eLong.
Ctrip ispoised to strengthen its position as China’s largest travel website as it teams up with Tencent to stave off competition, according to Morgan Stanley.