China’s State Council has given the green light to a pilot project that enables qualified Sino-foreign joint venture tour operators in Beijing to conduct outbound tourism.
As the final chapter of the bitter rivalry between Ctrip and Qunar ends, the next question to consider is: Who will be the next challenger to an all-powerful Ctrip?
China’s greatest OTA rivalry ends as Ctrip and Qunar merge with the help of search engine giant Baidu.
Vertical online platform for ski activities Huaxue Zhushou raised RMB12 million in an angel investment that has LETV Sports as lead investor.
Online domestic adventure tour operator Youxiake has raised an undisclosed amount in its A Series financing round led by Tiantu Capital.
HNA Group has made a firm offer to acquire the FRAM Group at a reported fixed price of 40 million euros.
B2B travel platform Z Guanjia recently announced it received an angel investment of RMB1 million from Zero2IPO Group’s chairman Gavin Ni.
Tuniu announced it is setting up a media company Tuniu Video，and will produce five types of programs, aiming to help travelers coose destinations.
