The Indian OTA generated revenue of USD 123.2 million in the quarter ended December 31, 2016, an increase of 38.6% YoY.
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.
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.
China's evolving family-travel trend poses new opportunities for the industry to target with more creative offerings beyond families of younger parents and small children, according to travel search site Wego.
WeChat launched in-app service Mini Program (or XiaoChengXu in Chinese) on January 9. The “instant and disposable” service is deemed more suitable for travel companies as their business is more offline oriented and they are visited in app at lower frequencies.
Ctrip CEO Ms. Jane Sun said that the company will achieve its goal of reaching one-trillion-yuan GMV by 2018, instead of 2020 as previously anticipated.
Tempus Global will acquire 52% holdings of outbound tour operator Jettour for RMB 32 million in cash and RMB 20 million in capital injection.
Lvmama parent company Joyu Group announced on January 3 that it has applied to be delisted from the New Third Board after one year of listing.
