Priceline Group's current Head of Strategy and Executive Vice President of Corporate Development Glenn Fogel has been named CEO of the company, effective January 1, 2017.
Expedia is on the way to becoming the world’s first $100 billion travel agency, a landmark it will achieve in the next few years, according to its chief executive.
Accommodation booking startup Xbed is raising RMB 50 million in its on-going Pre-A round that has Gobi Partners and QF Capital as lead investors.
Taiwan-based online travel company KKday received USD 7 million in series A+ round funding for further expansion in Asia.
Homestay startup QianSu announced that it has received RMB 50 million in its latest funding round. ChinaTravelNews learnt that the round had Qunar as one of the investors.
Shenzhen Huoli Tian Hui Technology, parent company of FlightManager, applied for a listing on the New Third Board.
Tuniu sold 46.5% more trips in third quarter of 2016 and narrowed down net loss from RMB 766.9 million in previous quarter to RMB 571.7 million this quarter.
Ctrip has joined a group of investors including Bank of Shanghai to set up ShangCheng Consumer Finance. The bank has finance expertise while the OTA can contribute online data.
