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Lifestyle hotel group to raise $300M; China keeps border closed till next year | Weekly Review
06/27/2021|12:18:28 AM|
Tencent founds digital inflight company; Cathay looks at ‘Amazon concept’.
HNA-invested tour operator Caissa Tosun plans to acquire Alibaba-backed rival UTour to form a $1.9 billion giant
06/16/2021|2:20:36 PM|
Alibaba holds a 5% stake in UTour while HNA Group owns more than 21% shares of Caissa Tosun.
Atour eyeing to raise $300+ million; US-China aircraft rivalry is complicated | Daily Brief
06/25/2021|11:49:03 PM|
Ukraine, China working on visa waiver agreement; Hainan and Macau travel demand remains high as forward bookings surge.
Chinese OTA Tuniu reports 55.5% net revenue drop in Q1, but expects more than 300% growth in Q2
06/03/2021|6:33:45 PM|
Revenues from packaged tours were USD 6.9 million in the first quarter of 2021, representing a year-over-year decrease of 62.3%.
Delivery robot provider Star Speed Store secures $2.97 million in angel round
06/07/2021|11:10:00 AM|
The company aims to take its robots to thousands of hotels in 25 Chinese cities this year.
Trip.com could cut its Huazhu stake from 6.9% to 3.0% in future exchange deals
07/20/2021|3:23:29 PM|
The OTA giant plans to use the net proceeds for general corporate purposes, including repayment of debts.
Chinese hotels tap into detective games; Upcoming holiday to see travel surge | Daily Brief
06/09/2021|11:37:29 PM|
Hotel & lifestyle brand Atour files for $100 million US IPO, with Trip.com holding 14.8% shares; Tencent invests in aviation technology startup.
Airport parking service provider Feibotong raises $3.85 million
07/20/2021|9:55:46 AM|
The company won funding from China Southern Airlines in an earlier round last year.
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