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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

Spring Airlines revenue jumps 10.45% YoY in 2015

Spring Airlines’ 2015 revenue grew 10.45% YoY to RMB 8.094 billion, of which passenger service revenue grew 9.1% to RMB 7.576 billion, accounting for 98.78% of the total revenue

05/28/2016|10:25:04 AM|ChinaTravelNews

Understanding intricacies associated with digital ad market in China

Be it for dealing with data “walled garden” within the so-called BAT (Baidu, Tencent and Alipay) ecosystem, having a single view of the customer or video viewability assessment, coming to grips with such issues is vital to optimize digital ad expenditure.

05/27/2016|9:08:23 PM|ChinaTravelNews

zuzuChe.com completes B-round financing and is to close series B+ round

Outbound car-rental platform zuzuChe.com has raised millions of US dollars in its recently completed B-round funding. The company offers one-stop service including international driving license verification, insurance claims, itinerary planning and GPS service in Chinese language

05/27/2016|12:19:26 PM|ChinaTravelNews

Villa rental specialist SenseLuxury completes B round

High-end and mid-range apartment rental platform SenseLuxury confirmed that the company had completed its B-round funding from GoHigh Fund

05/27/2016|12:20:14 PM|ChinaTravelNews

Japan sees cooling down of shopping frenzy among Chinese tourists

The shopping craze of China’s visitors in Japan appears to be cooling, as the duty-free shopping spend by mainland visitors decreased by 9.3% while arrivals from China skyrocketed 50% in the first four months of this year.

05/26/2016|5:31:44 PM|ChinaTravelNews
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