Wanda Group’s tourism subsidiaries reported RMB1.71 billion revenues, equivalent to 24% of this year's annual revenue goal of RMB 7.125 billion.
Qunar had quietly bought the qua.com domain name and released its own English brand even before the celebration of Alitrip’s (Chinese:Qua) launch wound down.
China Southern and China Eastern separately released a “Notice regarding the marketing order for air tickets sold online” to reign in errant ticketing agents.
Qunar is tempting hotels’ with zero commission and e-currency for every converted booking. Customers and hotels stand to benefit from the campaign and Qunar will gain room nights, albeit at heavy campaign cost and no additional revenue.
Wanda Tourism continues its takeover of regional tour operators with its acquisition of Kunming Scenic Travel, Wanda’s 11th such acquisition after Hunan tour operator Easygoing.
The Top 20 Chinese Travel Groups Ranking was jointly released by China Tourism Academy and the China Tourism Association on December 11.
A recent visit by Tuniu COO Haifeng Yan to JD.com has raised speculation that JD.com might be an investor. A move that will further complicate the relationship among China's OTAs.
Shanghai-based Pipikou.com recently announced its B2B platform Lvyouquan successfully raised RMB120 million in its latest round of financing.
