China’s top 60 hotel groups in terms of size for 2014 were published in the “2014 China Hotel Group Operational Scale Statistics”.
China’s short-term rental service Xiaozhu has received US$60 million for its Series C financing round, its largest funding yet, led by Joy Capital.
eLong announced the appointment of Mr. Hao Jiang as its Chief Executive Officer, effective July 8 while former CEO Mr. Guangfu Cui will continue as a consultant.
Hotel B2B online direct sales platform Ziztour announced it received 100 million yuan from investors led by Legend Holding in its A Series financing round.
The “China Hotel Alliance” was officially formed on July 6, comprising six major high end Chinese hotel groups.
The full impact of the visit pass policy change remains to be seen as independent visitors from China are still traveling on multiple-entry visit pass.
Traveling Bestone is launching a joint O2O flagship store with Qunar, to be uploaded on the Qunar app, marking their start of synergistic partnership deal.
Chinese charter bus platform Busge has sealed a strategic partnership with major bus manufacturers Sunlong Bus and Golden Dragon Bus for capital and vehicles.
