Qunar reported RMB501.1 million total revenue, a 107.8% y-o-y increase, leading to a 4.3% jump in its share price to close at US$25.61 on December 2 after its Q3 financial report was released on the company website.
Mobile devices are now outperforming PCs in terms of both product sales and broadband subscriptions.
Wanda Tourism has become a dark horse capital investor in the tour operation sector with its recent aggressive acquisition of 10 travel companies.
Ctrip CEO James Liang announced the OTA giant is allocating RMB1 billion for a price war to introduce zero-profit products in different price ranges and categories.
Priceline Group and Expedia Inc. brands continue to boycott TripAdvisor’s in-app bookings push even as they do this type of booking for smaller metasearch brands.
OTA Tuniu submitted an F-1 registration statement to the US Securities Commision (SEC) stating their intention to make a fresh offering to raise US$100 million.
Tuniu has taken aim at rival travel site LY.com which does not plan to take things lying down.
Founder and CEO Jianqiang Gu projects that the company will break even by early next year and has set the next annual sales target at RMB200 million.