CITS registered operating revenue of RMB 16.445 billion in first three quarters of 2016, up by 4.12% YoY. Net income was RMB 1.461 billion, 10.78% more than last year.
Travelling With inns raised millions of yuan in its series A round, which was backed by Gobi Partners.
LN Holdings’ operating revenue increased 3.98% to RMB 82.69 million in the third quarter of 2016. Net profit was RMB 7.85 million, up by 30.82% YoY.
State-owned travel agency CYTS recorded operating revenue of RMB 7.735 billion in first three quarters of 2016, down by 1.65% YoY. Net income was up by 53.15% YoY.
Tempus Global reported operating revenue of RMB 869 million in first three quarters, 22.53% more than same period of last year. Net income rose 16.24% to RMB 124 million.
Caissa Tourist’s operating revenue rose 23.45% to RMB 2.428 billion in the third quarter of 2016. Net income climbed 35.98% to RMB 179 million.
The Big Three state-owned Chinese carriers together have made larger net profit in the first nine months of 2016 than the full year of 2015.
Homestay startup Xiaozhu received USD 65 million in C+ and D rounds. The C+ round was backed by Capital Today and the D round had JOY Capital and BAI as lead investors.
