Bus-share startup DadaBus announced it raised RMB200 million (approx: US$31.4 million) in its B Series financing round.
Wanda Group’s chairman Jianlin Wang has an ambitious plan to make tourism a key pillar of profitability for the group.
Maitao has made a full acquisition of Wuhan-based Daocaoren Camp and converted it into its Wuhan “branch”.
BTG Hotels is investing RMB22.5 million in the joint venture BTG Lohas Cultural Tourism and its wholly-owned subsidiary BTG Ecommerce.
Mobile online platform for outdoor sports Lis99 has received an angel investment of almost RMB10 million to develop products and market operations in April.
Tripzm has fully acquired leisure travel and lifestyle site Meizhouliu, and will change the latter’s name to i-Tripzm.
Uber is seeking to raise its funding up to US$2.5 billion for its China operations. The funding scale is twice as much the total capital it has raised in China so far.
China has sealed a partnership with Boeing, paving the way for setting up a Boeing assembly and large parts manufacturing plant in China as well as plane purchases.
