Zouzhe Travel received RMB51.46 million in the what is said to be the largest Series A funding yet for any Chinese destination travel service company.
HNA's acquisition price was not disclosed but estimates based on Red Hotel’s US$7.21 share price at the end of trading on Tuesday put it at US$21.5 million.
Shanghai Airport Authority (SAA) and Alibaba have signed an agreement on a strategic partnership to create a fully wired “airport of the future”.
Ten out of 17 hotels opened in China last May were international luxury hotels, according to the May 2015 China Hotel Industry Data Report by Meadin.com.
Chinese tour operators had 8.95 million trips, 23.7 million trips in domestic tourism and 3.13 million trips in inbound tourism.
Spring Airlines transported more than 800,000 passengers/trips on its China-Japan services, and 329,000 passengers/trips in 2014 alone.
CEO Travis Kalanick will personally monitor the daily developments in the local market “China is the number one priority for Uber’s global team,” he said.
The Malaysian Cabinet has directed the country’s Interior Ministry to implement a year-long trial of visa-free entry for Chinese tourists.
