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Ctrip’s story isn’t just about growth, margins too coming into the picture

Post consolidation in the OTA space, Ctrip is not only focused on its market share and GMV, but it also looking at hiking the overall margin to improve the financial performance.

03/19/2016|11:20:10 AM|ChinaTravelNews

Taiwan OTA KKday raises USD 4.5 million in A-round funding

KKday, a Taiwan platform for independent travel, has received USD 4.5 million for its A-round funding. The funding will be invested in developing its presence in Southeast Asia.

03/17/2016|11:13:01 AM|ChinaTravelNews

Caissa joins HNA investment companies in RMB 1.2 billion LeSports funding

Caissa Touristic plans to inject RMB 600 million in Jiaxing Fund and become a limited partner of the fund set up by investment subsidiaries of HNA Group. The fund plans to invest RMB 1.2 billion on funding sport shows online service LeSports.

03/17/2016|11:13:15 AM|ChinaTravelNews

UTour may gain 10% shares plus a board seat in Ctrip's vacation business

UTour and Ctrip will undertake cross-shareholding of 10% stake in each other and the former might acquire a board seat in the latter's holiday unit after the UTour acquires Huayuan.

03/17/2016|9:33:15 AM|ChinaTravelNews

Tuniu forays into unchartered areas in addition to its tour packages offering

How is the current crop of online travel companies in China trying to unlock additional profitability? How can the huge volume of traffic be better monetized by OTAs? Are all transactions 100% digital?

03/03/2016|6:18:58 PM|ChinaTravelNews

Ctrip’s partner UTour plans full acquisition of HuaYuan

Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.

03/03/2016|6:18:43 PM|ChinaTravelNews

UTour revenue skyrockets by 98.4% in 2015

The Chinese outbound travel and MICE services operator UTour reported 98.4% revenue growth for 2015, to RMB 8.366 billion, and operating profit also went up by 79.17% to RMB 259 million.

02/29/2016|11:25:34 PM|ChinaTravelNews

Haoqiao.cn repositioned as B2B portal for international hotels booking

As it embarks on a new round of fund-raising for RMB 60 million, Haoqiao.cn plans to make itself the one-stop shop for connecting agents with international hotels, and deliver added values to travel agents who are looking for new ways of doing business.

02/26/2016|10:10:57 AM|ChinaTravelNews
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