Chinese outdoor specialist Toread will invest RMB230 million (approx: US$38 million) for 74.56% equity in OTA Eyoutour.
Qunar witnessed growth across all the verticals last year. The company believes it can only build on its foundation from here on.
E-fenqi, an online platform offering pay-by-installments travel to college students, has recently received an angel investment of RMB5 million.
Fosun plan to develop a new hotel chain brand for the Chinese market with Thomas Cook and acquire 220 Concept Hotels for 500 million euros.
Aiwan announced it received multi-million Series A financing from Fosun Group, the largest investment ever in the fledgling theme travel market in China.
Tuniu has announced on March 9 2015 the acquisition of Hangzhou-based Zhongshan Travel and Tianjin-based China Classical Holiday.
Beibuwan Tourism has launched subscription for its 54.06 million shares and is set to publish its IPO at Shanghai Stock Exchange on March 11.
Utour achieved 40.32% y-o-y growth in revenue, recording RMB4.217 billion turnover and 24.32% y-o-y growth in shareholder profits totaling RMB109 million.
