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Cheer U Islands secures RMB 7.5 million in Pre-A round

Cheer U Islands received RMB 7.5 million in series Pre-A round. Investors of the round will get a 15% stake in Cheer U Islands.

08/10/2016|7:08:41 PM|ChinaTravelNews

Crowd funding platform Duocaitou.com completes an eight-digit Pre-A round

Duocaitou.com, a crowd funding platform for boutique hotels and home rental, has completed its Pre-A round financing that raised an eight-digit sum from three venture capital firms – Share Capital, Innovation Angel Funds and Shunwei Capital Partners.

08/10/2016|9:29:42 AM|ChinaTravelNews

Expedia posts 20% growth in hotel room nights

Expedia‘s gross bookings increased 25% YoY to over $18.8 billion in the second quarter of 2016. Revenue increased 32% YoY to over $2.1 billion.

07/28/2016|6:05:42 AM|ChinaTravelNews

QuHappy.com completes Pre-A round financing

Destination travel product distribution platform QuHappy.com has announced it had completed its Pre-A round financing in May. The investment from venture capital fund owned by Guangdong Technology Venture Capital Group in the round boosted the valuation of QuHappy to above RMB 100 million.

07/27/2016|9:31:44 AM|ChinaTravelNews

China Resources Fund makes strategic investment in Meituan-Dianping

Chinese Internet company Meituan-Dianping said on July 18 it has raised an undisclosed amount from China Resources Group in a fresh round of funding.

07/20/2016|3:05:49 PM|ChinaTravelNews

O2O player wanzhoumo.com completes an eight-digit series B round led by Momo

Shanghai-based O2O player wanzhoumo.com (“周末去哪儿”) announced on July 18 that it has completed an eight-digit series B round this February. The lead investor was Momo, China’s largest mobile-based social networking platform, and existing investors Blue Lake Capital (“蓝湖资本”) and Matrix Partners (“经纬创投”) also joined.

07/19/2016|9:28:25 AM|ChinaTravelNews

B2B online hotel direct sales platform Ziztour completes an eight-digit series B round

Ziztour, a B2B online hotel direct sales platform, has completed an eight-digit series B round led by LB Investment, a Korean private equity firm, and joined by Legend Capital (“君联资本”) and Cheng Lan Capital (“城蓝资本”).

07/08/2016|9:13:16 AM|ChinaTravelNews

Zhubaijia announces RMB 500 million private placement plan

China's home-rental Zhubaijia plans a private offering of less than 23,397,300 shares at around 21.37 yuan to 35.61 yuan per share, to raise RMB 500 million.

07/07/2016|10:54:06 AM|ChinaTravelNews
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