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Travel startups create 3.39 million tourism jobs in 2015

Tourism-related entrepreneurship and innovation created around 3.3945 million jobs in China in 2015, accounting for 12.13% of direct employment in the industry.

07/27/2016|6:48:16 PM|ChinaTravelNews

CITS becomes a HKCTS subsidiary

CITS has merged with HKCTS and come under the full control of the Hong Kong-based state-owned travel enterprise.

07/12/2016|3:08:07 PM|ChinaTravelNews

Outdoor product brand Toread raises RMB 1,270 million

Outdoor product brand Toread has completed its private placement to raise RMB 1,270 million to fund the development of its cloud-based programs, outdoor exercise O2O platforms, outdoor product e-commerce programs and outdoor safety service platforms.

06/03/2016|4:54:53 PM|ChinaTravelNews

Joint-venture agencies with foreign capital to conduct outbound tours

Beijing allows joint-venture travel agencies with foreign capital to conduct outbound tours to overseas destinations except Taiwan under a new pilot scheme

05/26/2016|10:27:10 AM|ChinaTravelNews

UTour makes strategic investment in Yunnan outbound travel agency Joyer’s Journey

Chinese outbound travel operator UTour has entered into a strategic investment agreement with Yunnan outbound travel agency Joyer’s Journey (“卓越之旅”) to expand its outbound travel retailing market in Yunnan province.

05/26/2016|10:05:44 AM|ChinaTravelNews

Journey Education raises 20 million yuan

Journey Education has raised 20 million yuan in its latest investment round led by Chuang Ke Xing (“创客星”). The company hinted that it is planning to apply for a listing on the New Third Board this November.

05/09/2016|7:40:14 PM|ChinaTravelNews

Tempus Global net income grows 17.15% in 2015

Tempus Global revealed in its annual report that the revenue of 2015 doubled to RMB 928 million and net income attributed to the listed company was RMB 146 million

05/03/2016|9:17:51 PM|ChinaTravelNews

Fosun to tap China’s travel market by strategic projects

Fosun launched a brand-new Club Med resort in Sanya as it sets sight also on the billion-yuan Atlantis Project; the privately-held company is considering spinning off its travel business for an independent listing

04/27/2016|7:53:53 AM|ChinaTravelNews
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