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New York-listed GreenTree to acquire mid- and up-scale hotel group Argyle

01/28/2019|7 years ago

The majority of Argyle's properties are located in South West China. Argyle's highly distinguished brand portfolio and geographic coverage are highly complementary to GreenTree's business and expansion plans.

Booking funds Didi, Airbnb China names new president, Baidu and Alibaba vie for smart hotel

07/23/2018|7 years ago

Booking Holdings invested $500 million in China’s ride-hailing platform Didi Chuxing. Airbnb China appointed a local serial entrepreneur as its new president. WeChat Pay decided to focus on outbound Chinese tourists.

China hotels to gross $796 billion in 2018 in accommodation and F&B services

04/13/2018|8 years ago

Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.

ChinaTravelNews Briefing: Ctrip Car licensed to run, Meituan buys Mobike, Airbnb Plus

04/08/2018|8 years ago

Ctrip Car gets the nod to run ride-hailing business; Meituan extends its offerings to 320 million annual active users through its Mobike acquisition; and higher fuel cost is affecting the growth of airlines.

2014 top Hotel Groups in China ranking released

07/08/2015|10 years ago

China’s top 60 hotel groups in terms of size for 2014 were published in the “2014 China Hotel Group Operational Scale Statistics”.

DerbySoft Confirms $9 Million Funding from DCM

04/08/2014|12 years ago

DerbySoft Inc. today announced that it received $9 million in Series D funding from technology-focused venture capital firm DCM through the new DCM Ventures China Fund.

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