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Merger speculations ruled out for China’s top carriers
07/31/2015|8:56:34 PM|
Rumors of a merger of China’s top three carriers were laid to rest but the industry continues to speculate the carriers may consolidate their air cargo operations.
Joy Air and Okay Airways mull JV
07/28/2015|5:04:39 PM|
Joy Air and Okay Airways are planning to start joint operations of auxiliary regional air routes with the possibility of merging the routes under a new joint venture.
Power hungry Chinese car-hire apps turn a blind eye to driver scams
07/09/2015|10:08:44 AM|
As more drivers join a car hire platform, the platform will slowly gain leverage to shut down accounts of scamming drivers, thus reducing scamming.
Weekend trip platform Duzhoumo raises US$20 million
07/27/2015|2:36:17 PM|
Duzhoumo has received funding of US$20 million in the A Series financing round. The investment is led by Legend Capital and participated by Banyan Capital.
Family outing platform Maitao raises US$6.4 million
07/27/2015|1:40:18 PM|
Maitao, has recently announced it received RMB40 million in its A Series financing round. The investment was led by Kaiwu Capital and Walden International.
Wanda calls out Disney to vie for global dominance in tourism attractions
07/24/2015|2:42:31 PM|
Wanda chairman Jianlin Wang has bared his ambition to dethrone Walt Disney Co. by achieving 200 million visits and becoming the “world’s largest tourism company”.
BTG Hotels Group sets up offshore company for Homeinns privatization
07/22/2015|9:37:49 PM|
BTG Hotels Group announced it will set up two special-purpose companies overseas to conduct its planned privatization of the Homeinns Hotel Group.
Overseas travel guide platform MDD World gets multi-million yuan angel investment
07/02/2015|10:01:10 AM|
Destination travel platform MDD World received a multi-million yuan angel investment from Shenzhen investors Innovalley and Innovation Angel Funds.
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