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Travel O2O Yododo raises Series B financing from Indonesian media corp

04/21/2015|3:15:29 PM|

O2O travel startup Yododo has received a Series B financing round from Indonesian media corporation MNC Group.

Huatian Hotels gets cash windfall from private investors

01/05/2015|6:30:45 PM|

Huatian Hotels intended to issue only 150 million shares to raise RMB600 million, but Huaxin Turbine offered RMB1.653 billion in cash for 29.44% equity.

China’s tourism industry receives US$3.1 billion investments in 2014

01/26/2015|3:19:16 PM|

Online travel and outbound tourism were the favorite areas for acquisitions in China’s tourism industry in 2014.

China’s hotels register 58.31% AOR in Q3

12/30/2014|5:24:39 PM|

China’s star-rated hotels had total revenues of RMB54.816 billion at average occupancy rate (AOR) of 58.31% in Q3 of 2014.

Wanda Tourism acquires yet another regional tour operator

12/12/2014|11:03:34 AM|

Wanda Tourism continues its takeover of regional tour operators with its acquisition of Kunming Scenic Travel, Wanda’s 11th such acquisition after Hunan tour operator Easygoing.

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