Ctrip will offer up to US$1 billion in aggregate principal amount of senior notes convertible into Ctrip's ADS, each representing 0.25 of an ordinary share.
Zouzhe Travel received RMB51.46 million in the what is said to be the largest Series A funding yet for any Chinese destination travel service company.
HNA's acquisition price was not disclosed but estimates based on Red Hotel’s US$7.21 share price at the end of trading on Tuesday put it at US$21.5 million.
CEO Travis Kalanick will personally monitor the daily developments in the local market “China is the number one priority for Uber’s global team,” he said.
Foreign businesses will be able to participate in commercial tourism development projects and invest in tourism products and facilities in Beijing.
Air China has notified its Chinese ticket agents that its 1% commissions will be cut from June 10.
Ctrip said it would fully support Yongche’s development as a shareholder and Yongche would continue to maintain independent operations.
Atzuche produced a device called KKbot smart box that offers GPS positioning and navigation functions, car diagnostics and consumer behavior analysis.
