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Bike-sharing startup ofo secures $130m C round
10/10/2016|6:16:32 PM|
Bicycle-sharing company ofo raised USD 130 million in its C round, while its major competitor Mobike also closed a $100m round backed by Sequoia Capital and Hillhouse Capital.
Ctrip signs exclusive deals with over 1,000 hotels
09/19/2016|6:47:29 PM|
Ctrip announced that it has sealed exclusive distribution agreements with more than a thousand domestic hotels, further strengthening its control on China’s hotel supply.
China’s tourism revenue grows 3.7% in three quarters
11/08/2016|9:55:20 AM|
Xinhua report attributes China’s tourism growth to improvement of travel service quality by suppliers.
Marriott will have more hotels in China than the US in 5 years
10/07/2016|6:11:41 PM|
Marriott plans to open about 100 mid-scale hotels in China within next five years. This is expected to give the hotel group a bigger presence in China than in the United States.
UCAR launches commission-free C2C platform
09/23/2016|11:06:36 AM|
UCAR's newly launched U+ Open Platform Strategy entices targeted car owners in China to join the platform, without charging a commission.
Amadeus' adjusted profit rises 21.3% in nine months
11/04/2016|4:23:52 PM|
Amadeus reported an adjusted profit of EUR 738.1 million in first nine months of 2016, up by 21.3% YoY.
Joint Wisdom announces strategic deal with Shiji Information
10/18/2016|8:36:53 AM|
Hotel data specialist Joint Wisdom and PMS provider Shiji Information will cooperate on system services such as direct connect, PMS and revenue management.
Xiaozhu raises USD 65 million in C+ and D rounds
11/03/2016|9:38:14 AM|
Homestay startup Xiaozhu received USD 65 million in C+ and D rounds. The C+ round was backed by Capital Today and the D round had JOY Capital and BAI as lead investors.
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