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Study tour provider MaiTao closes B round backed by Fosun

MaiTao, an online service focusing on children learning and traveling experience, has raised RMB 70 million in its B round funding which had Fosun as the lead investor.

02/22/2017|5:36:32 PM|ChinaTravelNews

House rental platform Locals closes 50-million-yuan Pre-A round

House-sharing platform Locals announced that it has raised RMB 50 million in its Pre-A round in which ZhenFund was the lead investor.

02/16/2017|2:06:31 PM|ChinaTravelNews

Beijing to implement home-share licensing in 2017

ChinaTravelNews has learned that Beijing is finalizing legislation this year to license homestay businesses in the capital.

02/16/2017|12:47:54 PM|ChinaTravelNews

Expedia's gross bookings rise 21% in 2016

Expedia reported gross bookings of USD 72.43 billion in 2016, up by 21% YoY. Revenue rose 32% to USD 8.77 billion and net income attributable to the company was USD 281.8 million in the time.

02/09/2017|7:37:11 AM|ChinaTravelNews

Data on its own isn’t enough, make it part of an organization’s culture

Data alone cannot provoke change - rather accessibility, acting on it, customer support, training, incentivizing employees and ending up with the development of a customer-centric culture is key, says RJ Friedlander, CEO of ReviewPro.

02/09/2017|3:29:24 PM|ChinaTravelNews

MakeMyTrip's gross bookings rose 21.3%

The Indian OTA generated revenue of USD 123.2 million in the quarter ended December 31, 2016, an increase of 38.6% YoY.

02/06/2017|8:47:13 PM|ChinaTravelNews

Corporate travel company Meiya raises RMB 120 million

Air distribution and business travel company Meiya received RMB 120 million in its series A round. The funding was supported by Fortune Capital and a fund inaugurated by China’ Ministry of Finance.

01/17/2017|7:02:47 PM|ChinaTravelNews

Shiji acquires majority stake in guest intelligence ReviewPro for EUR 26.36 million

Shiji, a Chinese hotel information company partially owned by Alibaba, acquired a 79.47% stake in Spain-based hotel review company ReviewPro for EUR 26.36 million.

01/16/2017|6:23:22 PM|ChinaTravelNews
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