Destination travel product distribution platform QuHappy.com has announced it had completed its Pre-A round financing in May. The investment from venture capital fund owned by Guangdong Technology Venture Capital Group in the round boosted the valuation of QuHappy to above RMB 100 million.
Tourism-related entrepreneurship and innovation created around 3.3945 million jobs in China in 2015, accounting for 12.13% of direct employment in the industry.
While investors of Didi and Uber are pushing for potential deals, UCAR has landed on New Third Board and is looking to carve a bigger slice of China's auto market.
Mainland Chinese tourists made 3.0766 million trips to Japan from January to June this year, up by 41.2% YoY.
United Airlines looks to long-term operation out of lower-tier cities based on prudent evaluation of a destination’s economic and consumption potential.
Hainan Airlines plans to increase its holding in Yangtze River Express to 11.58% for RMB 915.2 million and raise its stake in TAP Portugal to 23% for EUR 30 million.
Chinese Internet company Meituan-Dianping said on July 18 it has raised an undisclosed amount from China Resources Group in a fresh round of funding.
Fosun has splurged nearly RMB 11 billion on building Atlantis Sanya, a high-end resort featuring 807 apartments and 197 villas which will appeal to global investors.
