A recent visit by Tuniu COO Haifeng Yan to JD.com has raised speculation that JD.com might be an investor. A move that will further complicate the relationship among China's OTAs.
Zhinanmao (which means compass cat), an O2O platform specializing in customized travel, announced that it raised a multi-million RMB Pre-A round of financing.
Qunar reported RMB501.1 million total revenue, a 107.8% y-o-y increase, leading to a 4.3% jump in its share price to close at US$25.61 on December 2 after its Q3 financial report was released on the company website.
TUI Travel has reported strong online growth highlighting £4.1 billion in online sales for mainstream business for the year ended 30 September 2014.
Wanda Tourism has become a dark horse capital investor in the tour operation sector with its recent aggressive acquisition of 10 travel companies.
Ctrip CEO James Liang announced the OTA giant is allocating RMB1 billion for a price war to introduce zero-profit products in different price ranges and categories.
OTA Tuniu submitted an F-1 registration statement to the US Securities Commision (SEC) stating their intention to make a fresh offering to raise US$100 million.
Tuniu has taken aim at rival travel site LY.com which does not plan to take things lying down.