For the nine months ended September 30, car rental revenue was RMB 2,838 million, an increase of 31% YoY. Net profit was RMB 662 million, compared with RMB 1,388 million in the same period of 2016.
A delay of two projects on the mainland has prompted Fosun to sign a formal agreement to inject a suite of real estate companies into Yuyuan in an all-scrip deal worth ￥24.16 billion ($3.52 billion).
Free independent travellers (FITs) have been revealed as being responsible for almost all growth in Chinese outbound tourist numbers in 2017, according to a China Outbound Travel Pulse series.
Travel service platform Zoomdu has secured tens of millions of yuan in its A round of financing. The funds will mainly be used to promote its App "FindYourGuide".
GreenTree, one of China’s largest hotel franchises, intends to put down further roots in the US, though this time through an IPO in New York worth up to USD 600.00 million, Caixin reported.
According to CNTA, the total revenue in tourism increased by 13.6% to RMB 4.69 trillion, and the tourism industry in China has contributed RMB 8.19 trillion or 11.01% to GDP in 2016.
China Duty Free Group, a unit of the China National Travel Service Group Corp, is looking to become one of the world's top three duty-free operators, possibly as soon as next year.
Yunji robots have served 160,000 users from hundreds of institutions in 55 cities across 25 provinces, accumulating an operating distance of 28,000 kilometers by October 2017.
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