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UCAR raises US$550 million boosting market valuation to US$3.55 billion

CAR Inc. has announced that it is forking out US$50 million to take part in UCAR Group’s Series B financing. The financing round generated a total of US$550 million for UCAR, the operator of CAR Inc’s UCAR chauffeurerd service.

09/17/2015|8:59:07 AM|ChinaTravelNews

Priceline boosts equity in Ctrip to above 13%

Priceline has pumped more than US$100 million to buy Ctrip shares in the open market recently, boosting its holding in Ctrip to 13.44% as of September 14.

09/17/2015|8:59:16 AM|ChinaTravelNews

Plateno in top 10 of authoritative HOTELS’s global ranking

Intercontinental Hotels and Resorts has been unseated by Hilton Worldwide Hotels after a few years in the top rank.

09/16/2015|10:56:20 PM|ChinaTravelNews

DuduBus plans expansion with latest financing

Shenzhen-based DuduBus has completed its A round financing and has raised RMB52 million.

09/16/2015|4:18:23 PM|ChinaTravelNews

Utour partners Golden International to dig deeper into the US market

Utour has made a strategic investment in Golden International Air and Travel, known for its strength in handing independent travel and bus travel in the US.

09/16/2015|10:58:45 PM|ChinaTravelNews

China’s business travel to become top in the world by 2017

The numbers indicate that China is on track to overtake the US and become the world’s largest business travel market by 2017, despite uncertainties arising from China’s slowing economy.

09/16/2015|10:56:43 PM|ChinaTravelNews

Hong Kong Airlines holds IPO plan

Affected by the recent lackluster performance of the stock market, Hong Kong Airlines has reportedly shelved its plan to go public in Hong Kong in Q4 of this year.

09/16/2015|10:57:07 PM|ChinaTravelNews

TMC platform Miutrip supports industry small fries with new financing

Miutrip, a travel management company (TMC) specializes in providing integrated solutions for business travel, announced it has received multi-million investments in its A Round financing.

09/16/2015|3:25:21 PM|ChinaTravelNews
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