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Baicheng acquires travel customization app Nice Trip
09/19/2016|4:11:38 PM|
Outbound travel platform Baicheng announced that it has acquired Nice Trip, a Beijing-based startup whose app focuses on artificial intelligence and big data technology.
HNA boosts its Tuniu stake to 26.61%
10/19/2016|11:41:16 AM|
HNA Group boosted its stake in Tuniu to 26.61% in three transactions via its subsidiary HK Praise Tourism in the past five months, according to company filings on SEC.
Octopus receives RMB 170 million in B round backed by Tempus Global
08/25/2016|10:46:42 AM|
A Tempus Global-led group planned to inject RMB 170 million into Octopus. Tempus Global will acquire a 4.17% stake in Octopus for RMB 50 million.
HNA-Caissa to buy outbound tour operator Tiantian Shanglv
10/04/2016|6:08:36 PM|
Caissa Touristic plans to lead E-Life Financial's capital increase by injecting RMB 550 million into the HNA finance unit and acquire tour operator Tiantian Shanglv for RMB 149 million.
Tongcheng plans to acquire Wanda Tourism
10/10/2016|5:43:49 PM|
Tongcheng Tourism and Wanda Group jointly announced on October 9 that the two companies plan to merge Wanda’s tourism unit with Tongcheng Tourism.
LN Holdings’ net profit rises 30.82% in third quarter
11/04/2016|2:58:27 PM|
LN Holdings’ operating revenue increased 3.98% to RMB 82.69 million in the third quarter of 2016. Net profit was RMB 7.85 million, up by 30.82% YoY.
CYTS revenue drops 1.65% in first three quarters
11/04/2016|2:06:30 PM|
State-owned travel agency CYTS recorded operating revenue of RMB 7.735 billion in first three quarters of 2016, down by 1.65% YoY. Net income was up by 53.15% YoY.
Major airlines’ three-quarter profit exceeds full year result in 2015
11/03/2016|10:39:30 AM|
The Big Three state-owned Chinese carriers together have made larger net profit in the first nine months of 2016 than the full year of 2015.
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