WeChat has replicated Baidu’s formula in creating the volume of flow with its searching function, but its advertising model on Tongcheng, eLong and other advertisers remains to be seen.
AI travel solution provider 52CX has acquired RMB 50 million in its angel round of financing, which was led by Hede Wanjia Fund and backed by Long Lv 365.com.
Fliggy is aiming to be a fully integrated platform encompassing e-commerce, content and lifestyle, all three are typical individual areas of tourism that one or another platform specializes on.
With the application of APP reservation, facial recognition check-in, invoices issuing and membership conversion, WeChat Eco-hotel and Fliggy’s Alipay Hotel are competing with more similarities.
UBTour connects tourism suppliers in Southeast Asia and enterprises in China with technology and services, with the goal of controling the supply chain through catering to the needs of suppliers.
Chinese tourism platform Joyu Group announced that it has received RMB 1 billion for its online platform Lvmama, and that Res Publica Industry & Finance Holdings has become its new partner.
The business mode of Yuelvhui is to “expand lifestyle and travel IP on top of meeting basic travel demands”.
China’s outdoor sports platform 117 Sport has raised tens of millions of yuan in its Pre-A round of financing. The lead investor was Beethink.