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Short-haul travel specialist Yaochufa claims RMB 550 million raised in D round

Chinese local tour service provider Yaochufa announced it has raised RMB 550 million in its D round funding; the company offers tour packages covering accommodation, attraction admission and local food

04/19/2016|9:09:07 AM|ChinaTravelNews

Transaction system Shoukeyi receives Pre-A round financing

B2B travel transaction service Shoukeyi.com received Pre-A round funding of tens of millions of yuan in early 2016 and the company plans to dip into financing for travel industry players

04/15/2016|9:25:11 AM|ChinaTravelNews

HotelsNow raises multi-million yuan in another financing round

HotelsNow announced that it had raised tens of millions of yuan in a new angel round of financing led by Beijing “Yi Yi Tian Shi”

04/14/2016|9:25:59 AM|ChinaTravelNews

Transparency in online medium exposes weak sales strategy

Discrepancy in pricing on different online platforms is prevalent in China. Hotel companies need to dig deeper to be in control of “selling-rates”.

04/06/2016|9:38:31 AM|ChinaTravelNews

Local travel service Yikuaiqu prepares New Third Board listing

Chinese local travel platform Yikuaiqu.com may become the first of its kind to get listed on the New Third Board. The company expects to be profitable within three years despite fierce competition in the segment

04/06/2016|11:23:53 AM|ChinaTravelNews

WeChat to roll out e-invoice solution for corporate travel

Top player in China’s social media network is joining hands with third-party service providers to explore a feasible solution for issuing e-invoice via the WeChat Wallet and Official Accounts

04/05/2016|10:12:15 PM|ChinaTravelNews

HNA-Caissa-led consortium to acquire 43.88% of FlightManager for RMB 933 million

A consortium led by HNA-Caissa and Caissa Sega, along with CAAC Private Equity Fund and Beijing CAAC HeYuan Investment, plans to invest RMB 933 million to acquire 43.88% shares of Shenzhen Huoli Tianhui Technology, the parent company of flight management App FlightManager.

03/25/2016|10:16:44 PM|ChinaTravelNews

LY.com partners with AnnualLeave in strategic investment for IP-based entertainment

LY.com announces that it has taken a stake in AnnualLeave and has become the company’s second largest shareholder. The equity participation is seen as LY.com’s major move to sharpen its strategy on IP-based entertainment.

03/24/2016|11:32:16 AM|ChinaTravelNews
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