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Facing economic slowdown China’s hotels under pressure to reform
07/28/2015|2:33:52 PM|
China’s hotel industry is at a crossroads of capitalizing on opportunities brought by explosive growth in the tourism sector while overcoming economic challenges.
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.
Lenovo leads US$24 million investment in overseas Wi-Fi provider Skyroam
07/14/2015|10:02:37 AM|
Skyroam will expand the global coverage of its mobile roaming service, introduce more discounted service packages and more VSIM smart terminals.
CAAC vows reform to stamp out endemic corruption in flight approval process
07/31/2015|8:58:37 PM|
CAAC is adopting a registration system for air routes, instead of the discretionary approval process that has fueled corruption among China’s aviation authorities.
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”.
B2B outbound tour platform Lixing raises US$1.6 million
07/17/2015|9:42:10 PM|
Lixing.Biz received an investment of RMB10 million from Buttonwood Capital to accelerate the creation of a outbound leisure travel platform.
Spring Airlines plans to raise US$725 million with private offering
07/21/2015|9:38:45 PM|
Spring Airlines intends to use the funding to purchase 21 A320 aircraft and to outfit its aircraft with inflight internet capabilities.
Songcheng Performing Arts bolsters it O2O with investment in tech firm Send Info
07/20/2015|9:40:24 PM|
Songcheng Performing Arts has signed an agreement to invest RMB139 million for a 20% stake in smart attractions technology company Send Info.
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