Vertical online platform for ski activities Huaxue Zhushou raised RMB12 million in an angel investment that has LETV Sports as lead investor.
CAR Inc’s UCAR has formed a strategic partnership with driver-hire platform Edaijia to share resources and secure the ride-share market.
Online domestic adventure tour operator Youxiake has raised an undisclosed amount in its A Series financing round led by Tiantu Capital.
More and more travel companies are looking at alternative form of payments (AFPs) such as Alipay, offering Chinese consumers a diverse set of payment options.
Overseas island travel specialists Qulv announced it received US$20 million in its A Series financing round from Yuantai Investment Partners
B2B travel platform Z Guanjia recently announced it received an angel investment of RMB1 million from Zero2IPO Group’s chairman Gavin Ni.
Tuniu announced it is setting up a media company Tuniu Video，and will produce five types of programs, aiming to help travelers coose destinations.
CAR Inc's main shareholder Grand Union will transfer 125.4 million of its CAR Inc shares to Youche Technology, at HK$13.5 per share for US$210 million.
