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eLong wins hotel booking portal of WeChat Wallet

In the midst of its privatization for a domestic listing, eLong recently got its hotel reservation service listed on WeChat Wallet.

06/24/2016|10:01:29 AM|ChinaTravelNews

Tujia acquires Mayi in strategic tie-up with 58 Inc.

Tujia has fully acquired Mayi.com, and has made Mayi’s former controlling shareholder 58.com Inc. a new shareholder of Tujia.

06/22/2016|10:18:06 AM|ChinaTravelNews

Cncn Travel is to close series B round

Cncn Travel is close to completing its series B round. Whether the company will speed up its expansion after the capital injection remains to be seen.

06/20/2016|9:42:47 AM|ChinaTravelNews

Tongcheng Tourism plans demerger and separate IPOs

Tongcheng plans to split its business into two separate entities: a travel agency selling leisure tours and attractions and a network grouping the company’s profitable standardized products in air, accommodation and railway.

06/20/2016|10:20:43 AM|ChinaTravelNews

Ctrip bullish over consolidated operating results with Qunar

Ctrip started to consolidate Qunar’s financial statements from the accounting perspective. The companies are hopeful of posting non-GAAP operating profit soon.

06/20/2016|10:15:11 AM|ChinaTravelNews

Tripb2b receives tens of millions of yuan in series A round

B2B travel platform Tripb2b announced on June 15 that the company has received tens of millions of yuan in its A-round funding. The funding that is purely financial investment was led by Yiyin Fund and followed by J-High Investment.

06/17/2016|9:43:19 AM|ChinaTravelNews

Directions raises millions of yuan in series Pre-A round

Outbound travel service platform Directions announced that it has closed its Pre-A round with millions of yuan from ONES Ventures. The money will be invested in product R&D and marketing.

06/16/2016|3:34:57 PM|ChinaTravelNews

China’s traveltech charts its own course, direct connect being a prime example

NDC is still a work in progress in China. But the likes of Alitrip, in conjunction with domestic carriers, have shown that blending mobile retail commerce and home-grown API is a prudent way.

06/23/2016|10:38:51 AM|ChinaTravelNews
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