Tuniu Corporation announced the successful completion of the US$500 million investment from HNA Tourism Group.
New Initiatives to Cement Tuniu’s Position as One-Stop Platform for Chinese Leisure Travellers.
Ctrip announced it is setting up Ctrip Financial Services division that will jointly launch the Ctrip Traveler Rewards with MasterCard.
Shenzhen CYTS Shanshui Hotel has received approval to list on the New Third Board. Its Parent company CYTS will invest RMB51 million for a 51% stake.
Domestic OTAs have been engaged in a cut-throat battle over the past few years. Foreign OTAs have room for growth, but they need to move assiduously.
The ranking of China’s busiest airports has seen major reshuffle in 2015 following fierce competition closely as regional economic growth and transformation picks up.
After signing a spate of deals in 2015, Ctrip is eyeing a better grip of the Chinese travel e-commerce business, a complex, fragmented marketplace.
Juneyao Air will make a private offering to raise RMB3.565 billion and use RMB2.7 billion to purchase four Airbus A320 and RMB165 million forTaotrip platform.
