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China Resources Fund makes strategic investment in Meituan-Dianping

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.

07/20/2016|3:05:49 PM|ChinaTravelNews

Fosun splashes out billions of yuan in luxury tourism property

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.

07/19/2016|9:59:26 AM|ChinaTravelNews

O2O player wanzhoumo.com completes an eight-digit series B round led by Momo

Shanghai-based O2O player wanzhoumo.com (“周末去哪儿”) announced on July 18 that it has completed an eight-digit series B round this February. The lead investor was Momo, China’s largest mobile-based social networking platform, and existing investors Blue Lake Capital (“蓝湖资本”) and Matrix Partners (“经纬创投”) also joined.

07/19/2016|9:28:25 AM|ChinaTravelNews

132 international air routes launched in China in Q2, 60% in lower tier cities

CAAC approved 132 new international routes operated by local and international carriers, and around 60% of the routes connect with lower tier cities in the country.

07/15/2016|11:10:33 AM|ChinaTravelNews

Chinese ride-sharing company UCAR gets New Third Board listing

Chinese ride-sharing company UCAR has been approved to list on the New Third Board, and it is worth RMB 36.9 billion after raising a total of RMB 5.809 billion in three funding rounds.

07/15/2016|10:34:36 AM|ChinaTravelNews

China Southern authorizes more than 2,000 ticketing agencies

China Southern has authorized more than 2,000 ticketing agencies including major platforms Ctrip and Alitrip, to sell the airline’s tickets and related products.

07/13/2016|11:42:41 AM|ChinaTravelNews

Tuniu to expand new services for air ticketing and hotel booking

Tuniu's air ticketing and hotel booking businesses both grew rapidly during first half of 2016 as travel customers are visiting the company's platform more frequently.

07/13/2016|11:18:32 AM|Tuniu

CITS becomes a HKCTS subsidiary

CITS has merged with HKCTS and come under the full control of the Hong Kong-based state-owned travel enterprise.

07/12/2016|3:08:07 PM|ChinaTravelNews
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