Qyer announced it raised almost US$60 million in its D Series financing, led by OTA Utour and also taken part by SIG China.
A growing rivalry between Alitrip and Ctrip is expected to escalate as Alitrip aims to oust the top OTA in 18 months.
LY.com’s CEO Zhixiang Wu is actively preparing for an A share listing with its securities brokers and accountants and the Shenzhen Stock Exchange.
Qunar has promoted its head of mobile to CEO with immediate effect as part of a New Year management shake-up while CEO CC Zhuang become a special adviser.
FX Trip, a service provider of independent travel, has received a multi-million dollar investment in the B Series financing round, led by Zhongwei Capital.
China’s tourism industry has been struck by the shocking announcements that China Southern Airlines and Hainan Airlines are terminating their partnerships with Qunar.
HKCTS is seeking strategic investment from Ming Trip and Ruiheng Investment Management for a capital restructuring of its OTA subsidiary Mangocity.
China has released the results of the national tour operators survey for Q3 2015 showing performance by region and industry segment.