China’s top group buy platform Meituan has just concluded its full acquisition of OTA Kuxun from TripAdvisor.
eLong has formed a special committee of three independent directors – May Wu, Shengli Wang and Adam J. Zhao – to evaluate the privatization from Tencent.
Utour will invest in a 10% stake in JV tourism investment company Tianjin Youtou Jinding Investment.
OTA Tuniu announced it has been issued an insurance agent license and its newly established Tuniu Insurance Company has begun operations.
Qunar has accusing its arch rival Ctrip of breaching Anti-Monopoly Law and the State’s declaration threshold guidelines in its acquisition of eLong.
Tuniu’s CEO Donald Yu said it has no privatization plans but will accelerate its globalization strategy and aims to add 100 overseas destination centers overseas.
After leveraging massive investment to capture first place in the lifestyle service segment, Meituan is eager to take down top OTA player for hotel bookings.
Online travel startup Viviyoo has received funding of RMB10 million in a Pre-A financing round, from lead investor Charles Xue and other investors.
