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CITS enters JV to develop tourism retail overseas

CITS and a subsidiary have joined hands with four other Chinese outbound tour operators to set up China Overseas Tourism Investment Management Co.

12/18/2015|9:47:29 PM|ChinaTravelNews

OTA Lvmama’s parent company Joyu Group lists on the New Third Board

OTA Lvmama’s parent company, Shanghai-based Joyu Group, is listing on the New Third Board.

12/18/2015|9:48:05 PM|ChinaTravelNews

Hotel consolidator Dida Travel lists on the New Third Board

Shenzhen-based Dida Travel has made a high-profile listing on the New Third Board and become the first international hotel resource consolidator to go public in China.

12/18/2015|10:27:15 AM|ChinaTravelNews

Summer camp organizer Mind Education gets B Series financing to develop overseas market

Beijing Century-Mind Education announced it completed its B Series financing which raised one billion RMB.

12/17/2015|4:59:21 PM|ChinaTravelNews

Homeinns returns to China stock market while Huazhu Hotels puts off privatization

CEO David Sun said that Homeinns is returning to the Chinese stock market because Chinese investors understand the hotel group better that US investors.

12/17/2015|6:53:10 PM|ChinaTravelNews

Chengdu Airport becomes China's fourth largest aviation hub

With passenger throughput exceeding 40 million, Chengdu Shuangliu Airport has become China's fourth busiest airport.

12/15/2015|11:16:05 PM|ChinaTravelNews

Outbound shopping may slow as China lowers tariffs in January

China's Ministry of Finance has announced the lowering the tariffs for 27 types of luxury goods and daily necessities bought overseas, effective January 1, 2016.

12/15/2015|11:14:12 PM|ChinaTravelNews

Foreign players wary of B2C model, but B2B remains an attractive proposition

Anyone can sell the way China’s local intermediaries have shaped up their selling platforms. It’s virtually a B2B2C model today, and foreign OTAs are keen on tapping it for outbound segment

12/14/2015|6:47:51 PM|ChinaTravelNews
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