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Chongqing bids for Disney Resort project in western China

Chongqing is actively wooing the Walt Disney Company, which has been considering building parks in central or western China even before work on the Shanghai park began.

06/29/2016|2:47:21 PM|ChinaTravelNews

Tripvip raises millions of yuan in series A round

Tripvip announced that it has received millions of yuan in its series A round. The outbound destination startup offers select and personalized itineraries.

06/28/2016|10:15:16 AM|ChinaTravelNews

Ctrip estimates Shanghai Disney will generate RMB 33 billion annual revenue

Visitors spent an average of RMB 2,219 at Shanghai Disney Resort, and the Resort would generate RMB 33 billion annual revenue, if annual admission reaches 15 million.

06/27/2016|6:56:14 PM|ChinaTravelNews

eLong wins hotel booking portal of WeChat Wallet

In the midst of its privatization for a domestic listing, eLong recently got its hotel reservation service listed on WeChat Wallet.

06/24/2016|10:01:29 AM|ChinaTravelNews

Poly Real Estate plans to invest RMB 2.5 billion in Didi

Poly Real Estate will purchase 1.46% shares of Didi for less than RMB 2.5 billion. This puts the ride-share giant’s worth at about USD 26 billion. However, other data indicate that Didi may be worth at least USD 27.6 billion.

06/23/2016|10:50:36 AM|ChinaTravelNews

Tujia acquires Mayi in strategic tie-up with 58 Inc.

Tujia has fully acquired Mayi.com, and has made Mayi’s former controlling shareholder 58.com Inc. a new shareholder of Tujia.

06/22/2016|10:18:06 AM|ChinaTravelNews

China Lodging and Vanke back SimplyWork in series A round

Office-sharing platform SimplyWork announced that the company has raised RMB 30 million in its series A round. The round had China Lodging Group, Vanke and IDG Capital as investors.

06/22/2016|11:51:18 AM|ChinaTravelNews

Ctrip halts agent listings of domestic flights scheduled after September 1

Ctrip announced to its ticketing agents that it will no longer let agents sell domestic flight tickets on the platform. The decision was effective from June 17 and applicable to tickets scheduled to fly on and after September 1.

06/21/2016|10:18:55 AM|ChinaTravelNews
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