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Is NDC disrupting distribution status quo in China? Not that easy
12/17/2017|7:51:45 AM|
There have been certain direct connectivity deals featuring Emirates, Lufthansa etc. but disturbing China's distribution status quo hasn’t been easy considering the strong position of TravelSky.
China’s domestic & inbound tourism to gross over $795 billion in 2017
12/25/2017|9:11:04 AM|
Statistics show that domestic and inbound tourism in China will generate traffic exceeding 5.1 billion in 2017 and total revenue of over $795 billion, contributing more than 10% to GDP and employment.
Chinese star-rated hotels record 60.58% occupancy rate
01/22/2018|9:38:30 AM|
Some 10,065 star-rated hotels in China reported totaled operating incomes of 53.808 billion yuan in the third quarter of 2017, of which 26.242 billion yuan, or 48.77%, was room revenues.
Ctrip-backed CME to buy 35% stake in Mind Letu for RMB 16.7 million
12/20/2017|9:25:44 AM|
Mind Letu will be transformed after the acquisition to create synergy in the demand-supply chain of research and study trips and customer acquisition channels so as to enhance its competitiveness.
Fosun leads bike-sharing firm HelloBike's $153 million funding
12/27/2017|7:11:36 PM|
HelloBike announced that it has raised RMB 1 billion (USD 153 million) in its D2 round of financing, which is led by Fosun and backed by Ant Financial that also invested in the last round.
Ctrip looks to invest in overseas restaurant booking platforms
12/20/2017|9:18:53 AM|
Ctrip is in talks with international platforms like foodpanda, Yelp, Chope, iMenu360 and MenuDrive to extend to dining booking overseas.
P2P Car rental UUzuche raises US$10 million Series A+ funding
03/16/2015|2:31:30 PM|
UUzuche announced it received US$10 million funding from China’s largest car service and sales website BitAuto in its plus-A Series financing.
Alibaba founder invests in Airbnb’s China rival Xiaozhu
11/02/2017|7:33:32 AM|
Chinese house-sharing platform Xiaozhu.com raised $120 million in its latest financing round backed by Alibaba founder Jack Ma's Yunfeng Capital, making it a billion-dollar unicorn startup.
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