HNA Group has made a firm offer to acquire the FRAM Group at a reported fixed price of 40 million euros.
B2B travel platform Z Guanjia recently announced it received an angel investment of RMB1 million from Zero2IPO Group’s chairman Gavin Ni.
Tuniu announced it is setting up a media company Tuniu Video，and will produce five types of programs, aiming to help travelers coose destinations.
China’s tour operators made RMB133.133 billion in total revenue in outbound tourism RMB178.368 billion in domestic tourism and RMB28.304 billion in 2014.
CNTA is giving tour companies a free rein to set up as many service points as they like in any number of cities within the province and cities where they are based.
Zaiseoul, a Korean tourism service for Chinese visitors, announced it received US$3 million from Korea-based NICE Group in a Series A financing round.
How can traditional travel agencies rejuvenate themselves and compete efficiently in the online marketplace?
Utour has made a strategic investment in Golden International Air and Travel, known for its strength in handing independent travel and bus travel in the US.
