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.
Hangzhou-based flight-sharing platform Apin.com announced on January 3rd it has secured RMB 120 million in its series B funding round.
Some 90% of the Chinese travelers visiting the U.S. are from China's first-tier cities while around 41% of the travelers visiting Asian destinations are from China's second-tier cities.
Guangzhou-based international flight metasearch engine iGola has netted RMB 130 million in the series A+ funding round.
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.
