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Chinese real estate company buys luxury travel firm A&K for $412 million

Neo Dynasty, an overseas subsidiary of Chinese real estate and investment company Zhonghong Group, has closed the acquisition of 90.5% stake in luxury travel firm Abercrombie & Kent for $412 million.

10/17/2017|10:50:07 AM|ChinaTravelNews

How will OTAs cash in on the search windfall of WeChat?

WeChat has replicated Baidu’s formula in creating the volume of flow with its searching function, but its advertising model on Tongcheng, eLong and other advertisers remains to be seen.

09/30/2017|10:10:37 AM|ChinaTravelNews

AI travel solution provider 52CX receives 50 million yuan in angel round

AI travel solution provider 52CX has acquired RMB 50 million in its angel round of financing, which was led by Hede Wanjia Fund and backed by Long Lv 365.com.

09/30/2017|5:09:56 PM|ChinaTravelNews

Fliggy keeps working on mobile application, content and destination

Fliggy is aiming to be a fully integrated platform encompassing e-commerce, content and lifestyle, all three are typical individual areas of tourism that one or another platform specializes on.

09/29/2017|11:08:32 AM|ChinaTravelNews

WeChat Hotel strengthening position with APP and official account

With the application of APP reservation, facial recognition check-in, invoices issuing and membership conversion, WeChat Eco-hotel and Fliggy’s Alipay Hotel are competing with more similarities.

09/28/2017|4:59:36 PM|ChinaTravelNews

Destination activities provider UBTour closes A-round financing

UBTour connects tourism suppliers in Southeast Asia and enterprises in China with technology and services, with the goal of controling the supply chain through catering to the needs of suppliers.

09/27/2017|8:42:45 AM|ChinaTravelNews

Joyu-Lvmama receives RMB 1 billion funding from Res Publica Holdings

Chinese tourism platform Joyu Group announced that it has received RMB 1 billion for its online platform Lvmama, and that Res Publica Industry & Finance Holdings has become its new partner.

09/27/2017|7:04:07 PM|ChinaTravelNews

China's travel club Yuelvhui completes an angel round

The business mode of Yuelvhui is to “expand lifestyle and travel IP on top of meeting basic travel demands”.

09/21/2017|10:37:14 AM|ChinaTravelNews
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