Utour is taking a 54% stake in Oceania travel wholesaler Xtx6 to tap the potential of the Oceania region and bring long-term benefits to overall profitability.
Maitao, has recently announced it received RMB40 million in its A Series financing round. The investment was led by Kaiwu Capital and Walden International.
Duzhoumo has received funding of US$20 million in the A Series financing round. The investment is led by Legend Capital and participated by Banyan Capital.
Lixing.Biz received an investment of RMB10 million from Buttonwood Capital to accelerate the creation of a outbound leisure travel platform.
Meituan has confirmed it will acquire full ownership of online travel platform Kuxun from Tripadvisor to step up its hotel coverage and complete its business range.
Golden Century will receive RMB72 million investment from Tongda Chemical which will hold a 13.04% stake in the former.
Baicheng will extend its services from visa to specialized destination travel to grow from one million users to 10 million users.
There Travel has received an angel investment of RMB12 million that it plans to use to fine-tune its products and develop the market, according to its CEO Ning Shi.
