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Flight Centre acquires 24.1% interest in Argentina’s Bibam

Flight Centre had acquired a 24.1% interest in Bibam to strengthen its global e-commerce presence and capabilities.

04/12/2017|8:09:50 PM|ChinaTravelNews

Ctrip survey finds 73% Chinese travelers with budget of 10,000 yuan in 2017

More than half of the polled Chinese travelers plan to spend over 10% of annual income on travel in 2017. Some 73% of them set aside a travel budget of more than RMB 10,000 (USD 1,452), and 60% will opt for outbound tours.

03/30/2017|7:26:47 PM|ChinaTravelNews

Tencent continues reign as China’s most valuable brand, Ctrip ranks 38th with $2,260m

Tencent continued its reign as China’s most valuable brand, rising 29% to be the first 100-billion-dollar brand while Ctrip ranked 38th in the Chinese companies with a brand value of USD 2,260 million.

03/21/2017|9:45:31 AM|ChinaTravelNews

Flats brand Memor Home closes million-yuan A round backed by Poly Group

Apartment rental brand Memor Home announced that it has raised millions of yuan in its A round funding backed by real estate conglomerate Poly Group’s investment arm.

03/20/2017|10:03:52 AM|ChinaTravelNews

Hemei to buy 60% of travel platform Xintu for 80 million yuan

Hemei Tourism, a subsidiary of trading and tourism company Hemei Group, plans to spend RMB 80 million to acquire a 60% stake in Shanghai Xintu, on which B2B travel platform Tripb2b will build a new platform.

03/15/2017|11:01:51 AM|ChinaTravelNews

HotelGG’s subsidiary DeJa Equipment Leasing raises multi-million yuan

Conference venue booking platform HotelGG announced its subsidiary DeJa Equipment Leasing, an event LED rental provider, has completed a financing round of tens of millions of yuan.

03/10/2017|5:08:05 PM|ChinaTravelNews

ANA sets up shopping portal in Chinese, using WeChat as payment means

All Nippon Airways will launch Chinese-language shopping website ANA Cargo Direct Mail this month, and WeChat Pay has been appointed its exclusive third-party payment operator.

03/09/2017|10:19:04 AM|ChinaTravelNews

Travel-share platform TangGuo raises 100 million yuan in A round

Travel and accommodation sharing platform TangGuo received RMB 100 million in its A round. The company has 130,000 listings encompassing villas, homestays and apartments in 218 cities worldwide.

03/08/2017|9:57:39 AM|ChinaTravelNews
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