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Hotel alliance joint venture opens in Hangzhou, targeting independent hotels

Zhejiang Future Hospitality Network Technology Limited, co-founded by Alitrip, BTG Hotels and Shiji Information in late March, was inaugurated on August 10 in Hangzhou, China.

08/12/2016|9:58:01 AM|ChinaTravelNews

Cheer U Islands secures RMB 7.5 million in Pre-A round

Cheer U Islands received RMB 7.5 million in series Pre-A round. Investors of the round will get a 15% stake in Cheer U Islands.

08/10/2016|7:08:41 PM|ChinaTravelNews

Crowd funding platform Duocaitou.com completes an eight-digit Pre-A round

Duocaitou.com, a crowd funding platform for boutique hotels and home rental, has completed its Pre-A round financing that raised an eight-digit sum from three venture capital firms – Share Capital, Innovation Angel Funds and Shunwei Capital Partners.

08/10/2016|9:29:42 AM|ChinaTravelNews

US receives 2.6 million Chinese visitors in 2015

Chinese travelers made 2.6 million trips to the United States in 2015, around 18% more than 2014, according to data released by the U.S. Department of Commerce.

08/09/2016|10:12:41 AM|ChinaTravelNews

Shanghai Disney Resort performs as expected

In its first month of operation in June, Shanghai Disney Resort received 27,000 daily visitors and rang in RMB 15 million daily revenue.

08/09/2016|10:04:18 AM|ChinaTravelNews

Spring Airlines embarks on exciting journey of retailing

Just like carriers in the U. S. and Europe, China’s Spring Airlines, too, is positioning itself for being a platform of choice for all travel needs.

08/08/2016|3:18:58 PM|ChinaTravelNews

InnMall secures million-yuan in A round

FlightManager’s CEO Jiang Wang said that his investment in InnMall has been completed. The round had SIG as lead investor and generated tens of millions of yuan.

08/08/2016|10:39:58 AM|ChinaTravelNews

China’s reform commission backs High-speed Railway Economy

High-speed railway construction will drive economic growth and restructuring, fuel momentum for efficient investment and consumption expansion.

08/08/2016|2:14:33 PM|ChinaTravelNews
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