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Ctrip’s partner UTour plans full acquisition of HuaYuan

03/03/2016|6:18:43 PM|

Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.

Juneyao Air to raise US$574 million for fleet expansion and online travel venture

07/15/2015|9:56:36 AM|

Juneyao Air plans to raise RMB3.565 billion (approx: US$574 million) to expand its fleet and enter the online travel industry to open new sources of revenue.

Programmatic advertising – travel advertisers need to be spot on with it

06/10/2015|9:24:08 AM|

OTAs like Ctrip are already eyeing benefits of programmatic advertising, whereas hotel companies need to catch up.

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.

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