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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 adds uncertainty to the car-hailing market with car service debut
12/25/2017|12:51:24 PM|
Ctrip has added ride-hailing to its transportation offers with Didi, opening up another competition front in the car rental market as its rivalry against Meituan in hotel and catering services is heating up.
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 visitors contribute more than $1 billion to Canadian economy
12/19/2017|5:23:06 PM|
Estimation shows that 750,000 Chinese tourists will have visited Canada by the end of 2017, a 23% increase over the previous year.
ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017|2:15:13 PM|
In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
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.
Rentalcars will join Booking.com and forge ‘BookingGo’ brand
12/13/2017|11:47:21 AM|
After Ctrip's plan to create a full-service travel platform with its recently acquired Trip.com under Skyscanner, the Priceline Group may also be tapping into the same idea.
Key to targeting “second wallet” – ascertain the style of travel
11/13/2017|10:29:42 AM|
A layer of intelligence that can ascertain an individual or a family’s way of travelling or intent is key to monetising the traffic. This is a key reason why Ctrip has chosen to acquire the US-based Trip.com.
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