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HNA-Caissa-led consortium to acquire 43.88% of FlightManager for RMB 933 million

A consortium led by HNA-Caissa and Caissa Sega, along with CAAC Private Equity Fund and Beijing CAAC HeYuan Investment, plans to invest RMB 933 million to acquire 43.88% shares of Shenzhen Huoli Tianhui Technology, the parent company of flight management App FlightManager.

03/25/2016|10:16:44 PM|ChinaTravelNews

Alibaba completes surprising investment in UCAR with a 10% stake

Alibaba is said to have completed its investment in B2C chauffeured service UCAR, splashing out RMB 3 billion in exchange for nearly 10% of UCAR’s shares.

03/24/2016|5:08:53 PM|ChinaTravelNews

LY.com partners with AnnualLeave in strategic investment for IP-based entertainment

LY.com announces that it has taken a stake in AnnualLeave and has become the company’s second largest shareholder. The equity participation is seen as LY.com’s major move to sharpen its strategy on IP-based entertainment.

03/24/2016|11:32:16 AM|ChinaTravelNews

Huixiaoer completes B round with tens of millions of dollars

Meeting venue booking platform Huixiaoer announces the completion of its B-round funding with tens of millions of US dollars. The round was led by DCM Ventures and joined by IDG Capital Partners.

03/24/2016|11:25:26 AM|ChinaTravelNews

Derysoft signs visual content distribution agreement with ice portal

This partnership will enable global hotel companies and others in the hospitality distribution industry that uses DerbySoft solutions to access ICE Portal’s comprehensive library of enhanced hotel visuals and meta data.

03/23/2016|11:15:33 AM|DerbySoft

Travelzen raises record RMB 600 million in C-round funding

Shortly after the dismantling of its VIE structure, Travelzen has received RMB 600 million in its C-round funding from a group of investors including Addor Capital, United Capital and EB Fortune.

03/23/2016|11:08:37 AM|ChinaTravelNews

Time for Chinese hotels to gear up for dynamic pricing

In China, travel companies are still predominantly working on static rates. In fact, some of the Chinese OTAs work on this model too.

03/22/2016|11:08:55 AM|ChinaTravelNews

China Hotel Alliance officially incorporated

The newly incorporated hotel alliance plans to recruit within three years more than 50 mid-range or high-end hotel groups that have more than 1,500 hotels in the country.

03/22/2016|11:09:11 AM|ChinaTravelNews
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