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Ctrip- and Tencent-invested Tongcheng merges with eLong, eyeing capital market

Tencent and Ctrip will become major shareholders of the new entity TongCheng-eLong. Ctrip co-founder James Liang will serve as co-chairman.

12/29/2017|7:38:54 PM|ChinaTravelNews

Travel site Lvmama’s parent Joyu Culture Media secures another $402 million

Joyu Culture Media has raised $402 million in its latest financing after the September round. The latest round is completed through a third-party limited partnership acquired by Fullshare Holdings.

12/27/2017|12:39:55 PM|ChinaTravelNews

Meituan Travel marks 200 million room nights stayed in 2017

Meituan Travel has already had 200 million room nights stayed for this year. In 2018, it plans to develop "new accommodation" concept by combining "thoughtful service” and “technological innovation".

12/27/2017|12:33:44 PM|ChinaTravelNews

ChinaTravelNews Briefing: Booking’s reinvention, Mafengwo’s funding and more

We join the dots of the events that took place in the past two weeks to offer insights into the Chinese tourists, travel startup funding rounds, major OTAs and internet giants’ technology solutions in China.

12/25/2017|3:07:29 PM|ChinaTravelNews

China’s domestic & inbound tourism to gross over $795 billion in 2017

Statistics show that domestic and inbound tourism in China will generate traffic exceeding 5.1 billion in 2017 and total revenue of over $795 billion, contributing more than 10% to GDP and employment.

12/25/2017|9:11:04 AM|ChinaTravelNews

Ctrip named the top travel company in China for four years in a row

China’s top 20 tourism groups have recorded total transactions of RMB 1.53 trillion this year, 400 billion yuan more than last year, according to a ranking list jointly released by China Tourism Academy and China Tourism Association.

12/22/2017|9:06:25 AM|ChinaTravelNews

Ctrip-backed CME to buy 35% stake in Mind Letu for RMB 16.7 million

Mind Letu will be transformed after the acquisition to create synergy in the demand-supply chain of research and study trips and customer acquisition channels so as to enhance its competitiveness.

12/20/2017|9:25:44 AM|ChinaTravelNews

Ctrip looks to invest in overseas restaurant booking platforms

Ctrip is in talks with international platforms like foodpanda, Yelp, Chope, iMenu360 and MenuDrive to extend to dining booking overseas.

12/20/2017|9:18:53 AM|ChinaTravelNews
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