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Challenges ahead as CITS and HKCTS set to merge
11/09/2015|5:53:43 PM|
The merger of two leading Chinese tour operators, CITS and HKCTS, is greeted with cautious optimism by industry observers..
China’s State Council gives go ahead for JV outbound tour operations in Beijing
10/29/2015|5:16:49 PM|
China’s State Council has given the green light to a pilot project that enables qualified Sino-foreign joint venture tour operators in Beijing to conduct outbound tourism.
Wanda Group takes on Disney in ambitious cultural tourism plans
10/05/2015|10:30:59 PM|
Wanda Group’s chairman Jianlin Wang has an ambitious plan to make tourism a key pillar of profitability for the group.
Foreign players wary of B2C model, but B2B remains an attractive proposition
12/14/2015|6:47:51 PM|
Anyone can sell the way China’s local intermediaries have shaped up their selling platforms. It’s virtually a B2B2C model today, and foreign OTAs are keen on tapping it for outbound segment
DadaBus raises US$31 million in B Series financing
10/05/2015|4:27:57 PM|
Bus-share startup DadaBus announced it raised RMB200 million (approx: US$31.4 million) in its B Series financing round.
Ctrip makes a high-profile entry into the Chinese-language vehicle charter
08/19/2015|5:31:16 PM|
Ctrip has announced it will be launching a Chinese-language vehicle charter service in Europe and will likely make acquisitions for this service in the future.
Uber pours capital into Uber China while Didi-Kuaidi and allies plot war
09/02/2015|6:01:59 PM|
Didi-Kuaidi is plotting with Tencent’s CEO “Pony” Huateng Ma and Alibaba’s chairman Jack Ma on how to take down its aggressively expanding rival- Uber.
Tujia completes $300 million round of financing at over US$1 billion valuation
08/03/2015|8:55:59 PM|
Tujia, China’s largest online platform for vacation rentals, has completed its D&D+ round of financing，raising $300 million at a valuation of more than $1 billion.
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