A Tempus Global-led group planned to inject RMB 170 million into Octopus. Tempus Global will acquire a 4.17% stake in Octopus for RMB 50 million.
From pure traffic generation to moving into areas of facilitated bookings, meta-search has come a long way. And China seems to have predicted well and led the way.
Meituan-Dianping would have to spin off its hotel business as the company was expected to run out the 3.3 billion dollars raised in its series E round within 1.5 years.
IHG will allow its Chinese guests to pay via Alipay through all of IHG’s online and mobile channels, as well as across its full estate of hotels globally.
UCAR’s revenues rose 624% to RMB 2.32 billion in the first six months of 2016. Car-hailing orders climbed 283% to 55.34 million during the time.
BuGenTuan announced that it has just received tens of millions of yuan in its series A round from undisclosed investors.
Be it for an e-commerce platform or supporting different phases of a journey via their digital assets, Chinese airlines are looking to refining their sites and apps.
UTour’s operating revenue grew 41.99% to RMB 4.453 billion in first six months. Revenue from its outbound wholesale business was RMB 3.43 billion, up by 59.03% YoY.
