Chinese outdoor specialist Toread will invest RMB230 million (approx: US$38 million) for 74.56% equity in OTA Eyoutour.
Qunar witnessed growth across all the verticals last year. The company believes it can only build on its foundation from here on.
During the year Qunar has focused on growing its direct relationship with hoteliers as it looks to move away from its metasearch roots.
E-fenqi, an online platform offering pay-by-installments travel to college students, has recently received an angel investment of RMB5 million.
"We finished a remarkable 2014, our first year as a public company, with the third consecutive quarter of over 100% year-on-year revenue growth," said CC Zhuang,
eLong has described in more detail the “hyper-competitive Chinese market” while outlining some risks relating to Expedia’s controlling interest.
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
Aiwan announced it received multi-million Series A financing from Fosun Group, the largest investment ever in the fledgling theme travel market in China.