Revenues at China’s mobile-focussed hotel platform eLong are back in positive territory, with management confident it can survive internal and external pressure.
Analysis of Ctrip Q3 earnings call about triple-digit growth across all its international business lines by Tnooz.
Net revenues for the third quarter increased 2% to RMB307.2 million (US$48.3 million), compared to RMB301.5 million in the third quarter of 2014.
Net income attributable to Ctrip's shareholders was RMB2.4 billion for Q3 of 2015, compared to RMB217 million in the same period in 2014.
“James Liang and CC Zhuang are both top dogs in the travel industry. With Mr. Liang joining Qunar’s board, it would be difficult for Mr. Zhuang to work under Mr Liang,”
Volunteering and travel platform Hive announced it received a US$6.5 million financing led by CDH Fund and Will Hunting Capital.
Indonesian package tours and activities platform Tripvisto has secured $1 million in Series A funding, with Chinese investment firm Gobi Partners the main investor.
Bugentuan announced it has completed a multi-million RMB Pre-A Series financing that was led by Newsion Venture Capital.