Beijing-based smart cycling brand SpeedX announced its entry into bike-sharing sector, and an independent brand Bluegogo would be created to help the company expand the market. Meanwhile, SpeedX revealed it has raised RMB 150 million in its series B round.
Airport valet parking service provider FeiBoTong announced that it has received millions of yuan from series A round funding.
CAR Inc. posted net profit of RMB 1,388 million in first three quarters and the company's chairman believes the new car-hailing rules are good for subsidiary UCAR.
Ctrip appointed Jane Jie Sun as CEO and a director while chairman and former CEO James Jianzhang Liang will serve as executive chairman and focus on Ctrip's innovation and expansion strategies.
Shiji announced new branding and introduced new logo, indicating the company’s focus of transforming into a data driven, consumer application and service platform operator.
Didi Chuxing is reportedly laying off more than a hundred employees, and the company may be aiming at cutting a total of 1,000 jobs, according to a Qieshengtai report.
Baidu Nuomi has transplanted Ctrip's and Qunar’s hotel-booking and ride-hailing services to its platform to replace its own services.
China’s investors have splashed USD 9.25 billion snapping up hotels and accommodation worldwide in 17 deals so far this year.
