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ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017
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2:15:13 PM
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In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
Travel site Mafengwo raises $133m from Temasek, Ctrip-backed OceanLink
12/12/2017
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10:09:21 AM
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Mafengwo, a leading Chinese independent online travel platform, announced today that it has closed its Series D fundraising round of $133 million.
Ctrip opens up data and cross-platform synergies for destination marketing
10/25/2017
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7:52:48 AM
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Ctrip is not only growing its own technologies and data for destination marketing, but also exploring cross-platform strategies by partnering with internet giants including WeChat and Google.
Ride-booking App Shouqi secures RMB 600 million B round
10/26/2017
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3:44:15 PM
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China’s ride-booking App Shouqi Limousine & Chauffeur has secured RMB 600 million from a subsidiary of China Oceanwide Holdings Group, which now holds a 11.67% stake in the company.
80% Chinese tourism companies report robust growth in interim results
09/04/2017
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9:58:27 AM
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Nearly 80% of the listed tourism companies in China achieved growth in H1 2017. BTG Hotels, Caissa, CYTS and other companies saw net income attributable to stake holders surged by over 500%.
Transaction platform Shoukeyi announces A round of strategic investment
08/28/2017
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11:20:03 AM
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Cloud-based travel distribution platform Shoukeyi has acquired tens of millions of yuan in its A round of financing from ChunXiao Capital.
Priceline CEO: To go local in China and match with Airbnb
09/14/2017
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12:02:07 PM
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Priceline’s CEO and president Glenn talked about cooperation with Ctrip, Airbnb, M & A strategy and development strategy in China during the first CEO Talk of the ongoing TravelDaily Conference.
US hoteliers, pay attention to Chinese shopping trends
08/07/2017
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11:20:43 PM
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How Chinese travelers will have an impact on the global hotel industry is a hot topic of conversation, as China’s middle class grows in its spending and traveling habits.
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