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Wanda bares ambition in sports tourism after snapping up prominent marathon organizer

Wanda has snapped up Competitor Group Holdings, Inc (CGI), best known as the organizer of Rock n Roll Marathon series, and bares its ambition in expanding into sports tourism.

06/06/2017|5:51:03 PM|ChinaTravelNews

HNA slows M&A pace after US$50b buying spree in past 2 years

As the global market is increasingly complicated, the HNA Group will slow down in making acquisitions, having amassed overseas assets to make up 30% of its portfolio that contribute to half of the group’s revenue.

06/06/2017|8:49:20 PM|ChinaTravelNews

Fliggy enters tailored travel field with strategy on creating travel design ecosystem

Alibaba’s travel brand Fliggy has announced a strategy on building a travel design ecosystem and introduced five new products lines.

06/05/2017|7:03:15 PM|ChinaTravelNews

Ctrip's overseas expansion with Thailand's largest hotel group

Ctrip announces that it will develop its presence overseas to provide a more comprehensive set of travel experiences to Chinese tourists by cooperating with Thailand's largest hotel group--Centara Hotels & Resorts.

06/05/2017|3:29:20 PM|Ctrip

Hotelbeds to increase hotels in China over next 12 months

Hotelbeds sees in China a general shift away from group bookings towards individual trips. Even payment solutions need to be localized.

06/05/2017|9:35:15 AM|Hotelbeds

China Lodging completes acquisition of Crystal Orange Hotel

China Lodging Group (Huazhu Hotels) announced that it has closed the acquisition of Crystal Orange Hotels for RMB 3.65 billion (USD 540 million).

05/31/2017|11:12:22 AM|ChinaTravelNews

Theme tour platform Goutrip raises 30 million yuan in Pre-A round

Theme tour service platform Goutrip announced that it has raised RMB 30 million in its series Pre-A round. The firm offers trips on diving, photography, surfing, self-driving and family tours.

05/27/2017|11:56:12 AM|ChinaTravelNews

Tuniu cuts net loss to 41.7 million dollars in Q1 2017

Tuniu trimmed its net loss to RMB 287.4 million (USD 41.7 million) in Q1 2017 from RMB 538.5 million in Q1 2016 by "improving operational efficiency and realizing economies of scale."

05/26/2017|9:40:33 PM|ChinaTravelNews
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