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China Southern to replace commission and overrides by flight segment fee

China Southern Airlines, Asia’s largest carrier by fleet size, plans to replace Z Value commission and rebate with fee per flight segment for domestic ticketing agents, effective July 1.

06/02/2016|6:57:24 PM|ChinaTravelNews

Mankr receives millions of yuan in an angel round

Outbound travel service platform Mankr said that the company has completed an angel round in May with millions of yuan from an individual investor.

06/02/2016|11:43:44 AM|ChinaTravelNews

Phoenix Travel Worldwide plans listing with shell

Outbound travel service provider Phoenix Travel Worldwide (“凤凰旅游”) announced plans to go public using Lantian Stock as a shell, pending a share swap within Lantian.

06/01/2016|9:09:48 PM|ChinaTravelNews

Triploc raises RMB 27 million in Pre-A round

Outbound tour service social platform Triploc has completed its Pre-A round funding with RMB 27 million from Spring Airlines, Feima Fund and Qingcong Capital. The funds will be invested in beefing up its senior management and expanding its business ecosystem.

06/01/2016|3:42:20 PM|ChinaTravelNews

Tuniu banks on transaction volume for “favourable pricing”

Tuniu is counting on their intrinsic strengths to not only sustain fruitful supplier relations, but also diversify to meet the demand for self-guided tours and target additional revenue streams.

06/01/2016|10:22:25 AM|ChinaTravelNews

Shiji to acquire 19.6% voting right in Huanxun E-commerce for RMB 152 million

Shiji Information, a major PMS service provider in China, plans to splash out RMB 152 million to buy 100% shares of Great Kylin Investment, which owns 19.6% voting right in Huanxun E-commerce. Shiji also owns 22.5% of iPS, Huanxun E-commerce’s fully-controlled subsidiary

05/31/2016|10:03:28 AM|ChinaTravelNews

Didi denies rumored plan to get US listing in 2018

Ride-hailing service Didi Chuxing, the main rival of Uber Technologies Inc in China, denied on May 30 a rumored plan to go public in the United States in 2018.

05/31/2016|10:33:53 AM|ChinaTravelNews

Online hostel booking platform QmanGo completes a new round of investment

Online hostel booking platform QmanGo has won investment from Million Tons Capital and KeyTone Ventures in its latest investment round.

05/31/2016|9:28:27 AM|ChinaTravelNews
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