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LY Group set up to consolidate subsidiaries
01/27/2015|10:54:56 PM|
LY.com's application to form an umbrella LY Tourism Group with registered capital of RMB100 million.
China Southern’s commission cut may cause serious repercussions
01/08/2015|4:04:08 PM|
China Southern Airlines cut its agents’ commissions from 2% to 1% possibly sparking a struggle over distribution involving: airlines, agents, and OTAs
Haichang invests US$119 million for Shanghai ocean park land
01/23/2015|5:50:28 PM|
China’s ocean park developer Haichang Holdings won a RMB728 million bid for the land rights for the construction of Haichang Polar Ocean World.
Jinjiang Group acquires Louvre Group in bid to expand to Europe
01/23/2015|3:21:01 PM|
Jinjiang Holdings acquired France’s Louvre Group, estimated at EUR1.25-1.5 billion, and will fully integrate the two hotel groups.
Tourism green paper shows China is powering Asia-Pacific tourism
01/22/2015|3:23:48 PM|
The Asia Pacific region was a key engine for global tourism in 2014 and China in turn was the main driving force of tourism in Asia Pacific .
Thrifty Spring Airlines makes A share IPO
01/21/2015|8:43:48 AM|
Spring Airlines CEO said it did not intend to include strategic or financial investors in the IPO but was willing to let employees share in dividends from company growth.
HotelGG raises US$4.8 million to enhance MICE platform
01/20/2015|6:39:37 PM|
HotelGG, a portal for hotel venue search, price comparison and booking, has raised RMB30 million (approx.: US$4.8 million) in its Series A financing.
Meituan CEO confirms significant fundraising
01/19/2015|9:19:36 AM|
Meituan will face tremendous pressure this year from its rival’s IPO and the challenge of O2O startups carving into Meituan's share in each of its market segments.
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