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Ride-hailing platform Caocao Car secures RMB 1 billion, valued over RMB10 billion
01/17/2018|7:37:39 PM|
Caocao Car, China’s first new energy-focused mobility service provider, has raised one billion yuan. At present, the company is operating in more than 17 cities in China.
Tuniu-invested OTA Banma Trip receives another round of financing
12/12/2017|8:47:39 AM|
Online travel company Banma Trip has recently received an undisclosed amount in a new round of financing from Aurora Private Equity, following the May round of financing from Tuniu.com.
Yueban Travel to acquire Vancouver and Liaoning travel agencies
12/06/2017|12:03:42 PM|
Dalian Yueban Travel has announced that it will acquire full ownership of Vancouver-based Star East Travel and Liaoning-based Beiguo International Travel for a total of RMB 13.18 million.
Palace Museum set up innovation lab with Tencent for digitalization
12/01/2017|1:12:29 PM|
China's internet service giant Tencent and the Palace Museum have announced to set up a joint innovation lab to explore digital technologies for protecting, researching and displaying cultural relics.
Children outdoor activities company BBZTX closes ￥20 million B round financing
11/27/2017|4:17:55 PM|
Children outdoor activities company BBZTX has received more than ￥20 million in its B round financing. The company presently maintains a presence in 20 cities with annual revenues of nearly ￥40 million.
China tourism nets $850 billion in 2017, contributing 11.04% to GDP
02/07/2018|3:38:42 PM|
In 2017, China earned $850 billion from tourism, up 15.1%. The tourism industry contributed ￥9.13 trillion to GDP, accounting for 11.04% of economic output, according to China Tourism Academy.
Chinese bike-sharing merger HelloBike scoops $350 million
12/04/2017|4:48:44 PM|
HelloBike has completed a USD 350 million D1 round of financing, and it has led the growth in bike-sharing in second- and third- tier cities.
Ctrip extends ground services in partnership with Big Bus Tours
11/24/2017|1:40:51 PM|
The competition in ground transportation and catering services at tourist destinations will be more intense as OTAs tap into a wider range of destination resources.
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