Hainan Airlines has recorded 1.602 billion in net profits attributable to its shareholders in the first half of the year, representing an increase of 231.92% y-o-y.
Although outbound tourism will be adversely affected by the RMB’s exchange rate if it continues to fall, immediate effects are expected to be limited.
Uber China’s strategy director Zhen Liu confirmed that the company plans a public listing in China as an independent company.
Shanghai Disney Resort’s current annual consumer expenditure reaches RMB50 billion and it is estimated to receive 12 million visitors when it opens in May 2016.
Q2 proved to be yet another tough quarter for Homeinns. But it is focused on strengthening its customer base via mobile and expansion of mid-scale portfolio.
Overseas short-term rental platform Zhubaijia announced it raised almost RMB200 million in its B Series financing round.
Travel e-commerce category is a highly competitive one in China. If there is any organization that can get closer to running a successful business in China, it looks like a brand from Priceline group.
Xiaoluoquzu raised US$5 million in its A Series financing round, with Lightspeed China Partners as the lead investor and Tujia taking part.