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China Lodging Group's net revenues rise 13.2% in 2016

China Lodging Group (Huazhu Hotels) reported net revenues of RMB 6,538.6 million (USD 941.8 million) in 2016, up by 13.2% YoY, in line with the guidance previously announced.

03/15/2017|6:18:37 PM|ChinaTravelNews

Orient Victory China buys 78% stake in Japanese hotel firm Nibou

Orient Victory China Holdings will buy a 78% stake in Nibou Company Limited, a Japanese hotel company, for JPY 103,740,000 (USD 903,163).

03/14/2017|2:02:41 PM|ChinaTravelNews

HotelGG’s subsidiary DeJa Equipment Leasing raises multi-million yuan

Conference venue booking platform HotelGG announced its subsidiary DeJa Equipment Leasing, an event LED rental provider, has completed a financing round of tens of millions of yuan.

03/10/2017|5:08:05 PM|ChinaTravelNews

Travel-share platform TangGuo raises 100 million yuan in A round

Travel and accommodation sharing platform TangGuo received RMB 100 million in its A round. The company has 130,000 listings encompassing villas, homestays and apartments in 218 cities worldwide.

03/08/2017|9:57:39 AM|ChinaTravelNews

Destination service LazyCat Travel gets millions of yuan in A+ round

Destination travel supplier LazyCat Travel raised millions of yuan in its series A+ round. The company focuses on outbound sector and distributes around 90% of its tour products on Alibaba’s travel marketplace.

03/08/2017|11:22:15 AM|ChinaTravelNews

Ctrip invests in boutique hotel operator Lagom

Ctrip has made a strategic investment in boutique hotel and alternative accommodation brand Lagom, according to Lagom’s announcement. The online travel giant also invested in boutique chain Jiuqi last September.

03/07/2017|3:05:30 PM|ChinaTravelNews

Bike-share startup ofo grabs $450 million in D round backed by DST, Didi

Bike rental company ofo announced that it has raised USD 450 million in the recently closed series D round funding, backed by DST, Didi, CITIC and others.

03/03/2017|6:25:32 PM|ChinaTravelNews

UCAR’s latest 4.6-billion-yuan placement falls short of target

Chinese taxi App UCAR announced that it has raised RMB 4.6 billion in a private placement to four new investors. The proceeds was less than half of the company’s original fundraising target of 10 billion yuan.

03/03/2017|10:15:38 AM|ChinaTravelNews
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