Ctrip has recently launched Ctrip Global Cash Passport as part of its effort to extend its presence across the wider travel industry, its platform and online finance.
China has overtaken Germany as the top visitor source market to Russia with 1.1 million arrivals last year as recorded by the Border Service of Russia.
Chinese outdoor specialist Toread will invest RMB230 million (approx: US$38 million) for 74.56% equity in OTA Eyoutour.
Global private equity fund TA Associates announced it invested an undisclosed amount in Chinese payment service Yeepay.
Baiyun Airport has been accelerating its globalization and strengthening cooperation with other airports in recent years.
Qunar witnessed growth across all the verticals last year. The company believes it can only build on its foundation from here on.
E-fenqi, an online platform offering pay-by-installments travel to college students, has recently received an angel investment of RMB5 million.
Shiji Technologies will invest 25 million euros to acquire 55.45% equity, of Austrian hotel data management company SnapShot.
