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Transparency in online medium exposes weak sales strategy

Discrepancy in pricing on different online platforms is prevalent in China. Hotel companies need to dig deeper to be in control of “selling-rates”.

04/06/2016|9:38:31 AM|ChinaTravelNews

Local travel service Yikuaiqu prepares New Third Board listing

Chinese local travel platform Yikuaiqu.com may become the first of its kind to get listed on the New Third Board. The company expects to be profitable within three years despite fierce competition in the segment

04/06/2016|11:23:53 AM|ChinaTravelNews

Spring Airlines plans second hotel in Japan

Spring Airlines will leverage its Japan flights to feed customers to the impending hotel in Osaka and provide a guaranteed level of business for the hotel, instead of injecting capital into this joint project with XYMAX Group.

03/31/2016|2:00:54 PM|ChinaTravelNews

Alibaba’s rumored partnership with UCAR may intensify car-hailing competition

While the report of Alibaba taking a stake in UCAR is still not officially confirmed by either party, the companies have been collaborating closely and quietly.

03/28/2016|2:09:29 PM|ChinaTravelNews

HNA-Caissa-led consortium to acquire 43.88% of FlightManager for RMB 933 million

A consortium led by HNA-Caissa and Caissa Sega, along with CAAC Private Equity Fund and Beijing CAAC HeYuan Investment, plans to invest RMB 933 million to acquire 43.88% shares of Shenzhen Huoli Tianhui Technology, the parent company of flight management App FlightManager.

03/25/2016|10:16:44 PM|ChinaTravelNews

Alibaba completes surprising investment in UCAR with a 10% stake

Alibaba is said to have completed its investment in B2C chauffeured service UCAR, splashing out RMB 3 billion in exchange for nearly 10% of UCAR’s shares.

03/24/2016|5:08:53 PM|ChinaTravelNews

Travelzen raises record RMB 600 million in C-round funding

Shortly after the dismantling of its VIE structure, Travelzen has received RMB 600 million in its C-round funding from a group of investors including Addor Capital, United Capital and EB Fortune.

03/23/2016|11:08:37 AM|ChinaTravelNews

Taiwan OTA KKday raises USD 4.5 million in A-round funding

KKday, a Taiwan platform for independent travel, has received USD 4.5 million for its A-round funding. The funding will be invested in developing its presence in Southeast Asia.

03/17/2016|11:13:01 AM|ChinaTravelNews
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