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Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more

Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.

08/06/2018|11:58:59 AM|ChinaTravelNews

Click Travel receives multimillion pound injection amid "endless opportunities"

Gross sales of Click Travel in 2017 reached £205 million, turnover growth of more than 30% year-on-year for four consecutive years.

07/31/2018|2:20:22 PM|PhocusWire

Shared lodging brand Islands completes a new funding round

Islands is applying the Uber model to provide branding support for independent hotels in the areas of operation and management, channel sales, membership system, information system and supply chain.

07/31/2018|9:05:36 AM|ChinaTravelNews

Tongcheng Tourism fund unit feeds multi-million yuan into online parking firm Xiaoqiang Park

Both sides will work on the travel resources of Tongcheng Tourism and the parking services of Xiaoqiang Park to better serve business travelers.

07/30/2018|2:36:22 PM|ChinaTravelNews

Family health and travel platform Mtour Globe raises tens of millions of yuan

The company has developed more than 1,000 routes in 40 countries worldwide. It is aiming to achieve a total of 5,000 routes, 5 million members and a turnover in excess of 100 million yuan in 2018.

07/25/2018|4:29:03 PM|ChinaTravelNews

Ctrip eyes Asian and global presence with Trip.com’s diversifying services

The company is blazing a globalization trail through localizing its services in its targeted destinations, starting with the flourishing Asian neighbors.

08/01/2018|7:58:26 AM|ChinaTravelNews

Booking funds Didi, Airbnb China names new president, Baidu and Alibaba vie for smart hotel

Booking Holdings invested $500 million in China’s ride-hailing platform Didi Chuxing. Airbnb China appointed a local serial entrepreneur as its new president. WeChat Pay decided to focus on outbound Chinese tourists.

07/23/2018|1:56:10 PM|ChinaTravelNews

Camp education firm Star Sida pockets multi million yuan in funding

In less than four years of operation, Star Sida has registered more than 30,000 campers and parents and expects to serve 20,000 campers in 2018 alone.

07/20/2018|5:47:39 PM|ChinaTravelNews
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