Tuniu’s CEO Donald Yu said it has no privatization plans but will accelerate its globalization strategy and aims to add 100 overseas destination centers overseas.
After leveraging massive investment to capture first place in the lifestyle service segment, Meituan is eager to take down top OTA player for hotel bookings.
Ctrip’s position as the biggest online travel firm in China looks safe, with Q2 revenues up 47% and similar growth expected for the next three months as well.
Online travel startup Viviyoo has received funding of RMB10 million in a Pre-A financing round, from lead investor Charles Xue and other investors.
Qunar achieved an average of more than 300,000 daily hotel room nights stayed in peak days in the week of July 27th.
Ctrip and eLong are making bold moves, especially in thier approach to respective product strategies and thier decision to monetize the mobile channel.
Online local travel service Yikuaiqu announced it received RMB25 million (approx: US$4 million) in an A+ financing round.
eLong is well positioned with a strong leadership team, significant customer base, and adequate cash balance, according to its CEO.