Huatian Hotel Group recorded RMB263 million operational revenue and RMB48.7938 million net profit, down 39.51% and 28.03% y-o-y respectively.
Huazhu Hotels announced it would terminate its partnership with–Qunar, Ctrip and eLong – for breach of contract terms.
Ctrip's Q4 2014 earnings report showed them as the biggest online travel company in China in terms of transaction value.
The Chongqing Wushan Civil Airport project and the Inner Mongolia Wulanchabu Civil Airport project will cost RMB2.159 billion in total.
Didi-Kuaidi president Qing Liu said that Didi-Kuaidi’s total transaction turnover has significantly eclipsed Uber.
Overseas tourism Chinese-language chauffeur platform Huiwan received a RMB20 million in the Pre-A financing round from New Margin Ventures.
Tuniu and Utour conflict took a new turn when the 17 tour operators resumed their partnership with Tuniu on April 26.
Airports have become the new overseas acquisition targets for Chinese corporations with the acquisition of Lubeck Airport by China PR Group.
