2015 witnessed multiple M&A and financing activities in travel industry and 2016 will see much more difficulties in financing for startups which could also find a way out by finding out the right niche market and customer segment and building in their traction.
Boutique travel website Zanadu announced it received over RMB80 million in its A+ financing round, in which IT giant Tencent is the lead investor.
Atcore's acquisition of TigerBay made their target markets highly complementary.
CITS and a subsidiary have joined hands with four other Chinese outbound tour operators to set up China Overseas Tourism Investment Management Co.
OTA Lvmama’s parent company, Shanghai-based Joyu Group, is listing on the New Third Board.
The Priceline Group has reached almost $2 billion invested in Chinese online travel agency Ctrip, following the announcement of another $500 million investment.
LY.com is setting up a joint venture company with Korea’s Lotte Tour in a strategic partnership to consolidate local Korean tourism resources and procurement.
China’s tourism industry has entered a new era of mass tourism in which internet and mobile platforms are dictating the models for innovation and doing business.