Zmyou received an A Series investment worth RMB50 million, bringing the company’s estimated value to RMB300 million,
B2B ticket sales service Piao Guanjia announced it received RMB30 million of Pre-A round investment from three independent investors.
Kuoni Group’s tour operating businesses have been sold to the owner of German operator DER Touristik for an undisclosed sum.
Ctrip has announced a $1 billion convertible debt offering, with the money earmarked for “general corporate purposes”.
Ctrip will offer up to US$1 billion in aggregate principal amount of senior notes convertible into Ctrip's ADS, each representing 0.25 of an ordinary share.
Zouzhe Travel received RMB51.46 million in the what is said to be the largest Series A funding yet for any Chinese destination travel service company.
Analysis on how China's OTAs are tapping onto the larget outbound tourism market in the worls by David Juman of Phocuswright.
The company, which will be 51% owned by Fosun and 49% by Cook, will develop tourism activities for the Chinese market under Thomas Cook brands.