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LY.com taps into TMC segment by funding DT Travel

LY.com announced that it has invested in DT Travel’s series A round. The move will help it expand in the TMC segment, which is estimated to be turning over more than RMB 100 billion and is expected to grow by 15%-20% annually for the next five years

05/04/2016|8:47:36 PM|ChinaTravelNews

China’s carriers report buoyant Q1 results

Major Chinese carriers posted decent gains in first quarter of the year due to ongoing low crude prices and increasing domestic demand

05/04/2016|9:17:21 PM|ChinaTravelNews

Tempus Global net income grows 17.15% in 2015

Tempus Global revealed in its annual report that the revenue of 2015 doubled to RMB 928 million and net income attributed to the listed company was RMB 146 million

05/03/2016|9:17:51 PM|ChinaTravelNews

Jin Jiang confirms plan to acquire 80% stake in Vienna Hotels Group

Major Chinese hotel operator Jin Jiang announced that it planned to buy 80% shares of Vienna Hotels Group

04/28/2016|9:21:41 PM|ChinaTravelNews

Spring Airlines embraces travel agents for global expansion

China's largest LCC has committed to making its fares available to international travel agents as it embarks on a new phase of expansion

04/27/2016|7:46:38 AM|Traveldailymedia

Fosun to tap China’s travel market by strategic projects

Fosun launched a brand-new Club Med resort in Sanya as it sets sight also on the billion-yuan Atlantis Project; the privately-held company is considering spinning off its travel business for an independent listing

04/27/2016|7:53:53 AM|ChinaTravelNews

CITS net income grows 2.42% in 2015

CITS posted 6.8% revenue increase to RMB 21.292 billion for 2015, and net profit attributable to shareholders of parent company was RMB 1.506 billion, up by 2.42%

04/27/2016|7:54:06 AM|ChinaTravelNews

Outbound travel service Baicheng gets New Third Board listing

Beijing Baicheng International Travel was listed on New Third Board on April 22; Alibaba holds 16.47% stake in the travel agency as the second largest shareholder

04/27/2016|2:55:04 PM|ChinaTravelNews
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