China has released the results of the national tour operators survey for Q3 2015 showing performance by region and industry segment.
Boutique travel website Zanadu announced it received over RMB80 million in its A+ financing round, in which IT giant Tencent is the lead investor.
CITS and a subsidiary have joined hands with four other Chinese outbound tour operators to set up China Overseas Tourism Investment Management Co.
OTA Lvmama’s parent company, Shanghai-based Joyu Group, is listing on the New Third Board.
LY.com is setting up a joint venture company with Korea’s Lotte Tour in a strategic partnership to consolidate local Korean tourism resources and procurement.
China’s tourism industry has entered a new era of mass tourism in which internet and mobile platforms are dictating the models for innovation and doing business.
OTA Qunar has announced that its small and medium shareholders have endorsed its proposal to swap shares with Ctrip.
Utour and immigration agency Hangzhou Sida have signed an agreement for a strategic investment and officially formed a partnership.
