Chinese OTA Lvmama’s parent company Joyu Group announced that it plans to launch a private placement of no more than RMB 1 billion.
Travel SaaS platform Zowoyoo has closed a new round of funding, following its series A round in 2015.
Vacation-booking BlaTravel has raised millions of yuan in its series A+ round. The company adopted a model of “hotel recommendation plus travel experience sharing”.
Ctrip asserts the one-stop travel shopping model is suave, and the scale that can be achieved will be significant going forward.
Sustaining growth rate has remained Tuniu’s major forte, but can cost control, association with HNA and the GMV of travel products uplift the overall margin going forward?
A Tempus Global-led group planned to inject RMB 170 million into Octopus. Tempus Global will acquire a 4.17% stake in Octopus for RMB 50 million.
From pure traffic generation to moving into areas of facilitated bookings, meta-search has come a long way. And China seems to have predicted well and led the way.
Meituan-Dianping would have to spin off its hotel business as the company was expected to run out the 3.3 billion dollars raised in its series E round within 1.5 years.
