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New investor of Yidao Yongche displaces LeEco as majority shareholder

Chinese ride-hailing firm Yidao Yongche announced that it has brought in a new investor which will replace LeEco as controlling stakeholder of Yidao.

06/30/2017|11:40:05 AM|ChinaTravelNews

Ctrip projects 20 billion yuan in group tour revenue this year

Ctrip projected that its group tour business will gross RMB 20 billion this year. Its chairman James Liang said that the company’s sales income from hotels, air tickets, and travel groups will quickly become the highest in the world.

06/30/2017|10:51:10 AM|ChinaTravelNews

China Southern pioneers facial recognition for passenger boarding

China Southern Airlines has become first carrier in China to adopt facial recognition for passenger boarding. The process is expected to streamline boarding process by verifying passengers identity through face scanning.

06/30/2017|10:18:59 AM|ChinaTravelNews

JD.com ties up with China Eastern for air cargo, corporate travel

JD.com has formed a strategic partnership with China Eastern Airlines to strengthen its logistics service and corporate procurement business, particularly JD corporate travel.

06/28/2017|10:10:53 AM|ChinaTravelNews

Meituan Travel introduces group tour service

Meituan Travel launched a domestic group tour service and will first introduce 200 tour routes this year in 50 cities that have delivered the most travel bookings on the platform.

06/23/2017|11:57:26 AM|ChinaTravelNews

Crowd funding platform Duocaitou completes $10 million A round

Crowd funding platform Duocaitou has raised USD 10 million in its Series A round financing. DCM Ventures was the lead investor and Shunwei Capital also participated in the round.

06/23/2017|11:13:07 AM|ChinaTravelNews

Vanke acquires 36% of a giant tourism project in Yunnan

Vanke, a developer known more for its ski resorts than tourism real estates, recently acquired a 36% stake in a large tourism development program in Yunnan.

06/22/2017|11:01:31 AM|ChinaTravelNews

OCT Group to splurge 238 billion yuan in “cultural tourism and urbanization” of Xi’an

OCT Group has signed a 238 billion yuan strategic tie-up with Xi’an Municipal Government to bring its “cultural tourism and urbanization” model to the ancient city.

06/22/2017|10:19:44 AM|ChinaTravelNews
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