Chinese tourists represent quite a juicy market – 100 million tourists in 2014, rising to a whopping 200 million by 2020.
Klook Travel announced its completion of a US$1.5 million seed investment round, as well as the launch of Klook Mobile.
Haiwan’s transactions are much larger compared with domestic groupbuy transactions as consumers are not as price conscious when purchasing abroad.
Tripalocal, has today announced a successful angel funding round of AUD $850,000 led by China-based early stage venture investor Euler Capital LLC.
Ctrip said it is no longer interested in pursuing a potential M&A discussion with Qunar and that it was Qunar who instigated takeover talks between the pair.
The MOC still must investigate whether or not the Ctrip and eLong link up amounts to a monopoly.
Tempus Global will make a private offering of up to 70 million shares to raise up to RMB1.598 billion from five specified buyers.
As mobile continues to increase its say in revenue generation, Qunar is going to pump in more money to further drive expansion of its mobile user base.