Tuniu has announced on March 9 2015 the acquisition of Hangzhou-based Zhongshan Travel and Tianjin-based China Classical Holiday.
Fosun is buying a 5% stake in Thomas Cook for £91.8 million as part of a deal which the travel operator hopes will help it cash in on China's tourist market.
Something to file for future reference – Chinese outbound tourists will have the chance to not just book it, they can Thomas Cook it.
Fosun paid 91.9 million pounds for the stake and will seek to double its holding in Thomas Cook to 10 percent.
Tuniu Corporation announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2014.
Beibuwan Tourism has launched subscription for its 54.06 million shares and is set to publish its IPO at Shanghai Stock Exchange on March 11.
Utour achieved 40.32% y-o-y growth in revenue, recording RMB4.217 billion turnover and 24.32% y-o-y growth in shareholder profits totaling RMB109 million.
Five Hong Kong and Macau sole-proprietorship tour operators will begin directly soliciting mainland customers for outbound tours in a pilot scheme starting March 1.