Search results for “Capital A”
Meituan-Dianping gets $4 billion funding, backed by Tencent, Priceline
10/19/2017|1:45:41 PM|
China’s local service platform Meituan-Dianping has received USD 4 billion investment, backed by Tencent and The Priceline Group. It is valued at USD 30 billion after the financing.
"Direct sales" going up for Chinese carriers, but is it enough?
10/18/2017|9:02:02 PM|
Top carriers in China today have 40-45% sales coming in via "direct" channels. But this figure also includes selling inventory via OTAs. So this doesn't translate into owning the passenger for airlines.
Chinese real estate company buys luxury travel firm A&K for $412 million
10/17/2017|10:50:07 AM|
Neo Dynasty, an overseas subsidiary of Chinese real estate and investment company Zhonghong Group, has closed the acquisition of 90.5% stake in luxury travel firm Abercrombie & Kent for $412 million.
Outward bound and travel platform Hiyo completes a ¥14 million angel round
09/29/2017|1:43:13 PM|
Targeting young travelers, Hiyo develops its products around the concept of “minimal transportation, short distance”, and plans its content around socializing, relaxation and entertainment.
Destination activities provider UBTour closes A-round financing
09/27/2017|8:42:45 AM|
UBTour connects tourism suppliers in Southeast Asia and enterprises in China with technology and services, with the goal of controling the supply chain through catering to the needs of suppliers.
Beijing’s new airport has completed 30.8 billion worth of works
09/11/2017|9:07:05 AM|
Beijing will adopt a “dual air hub” strategy when the new airport is completed. The two air hubs will be operated independently and complement each other while engage in healthy competition.
Shanghai Free Trade Zone to establish wholly foreign-owned travel agencies
09/27/2017|8:42:43 AM|
China (Shanghai) Pilot Free Trade Zone was officially approved to let foreign-owned travel agencies carry out pilot outbound travel business.
CAAC to implement flight reduction at major Chinese airports
09/27/2017|8:42:52 AM|
CAAC will require airports to adjust flight schedules. Beijing Capital Airport and Shanghai Pudong Airport aim to cut departures to 75% of their capacity.
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