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Journey Education raises millions of yuan
02/10/2017|11:50:10 AM|
Education tour provider Journey Education has secured millions of yuan in its B round. The company is also applying for a New Third Board listing.
China Eastern widens direct sales plan to international tickets
02/09/2017|3:41:00 PM|
China Eastern Airlines extended the ban on third-party agent ticketing to its international flights on February 6. The Shanghai-based carrier has made 46.8% of the total revenue, or RMB 19.02 billion, from direct sales in the first half of 2016.
UTour drops planned 2.6-billion-yuan takeover of HuaYuan
02/06/2017|9:47:42 AM|
Outbound tour operator UTour announced on February 2 that it has decided to pull the plug on the plan of fully acquiring HuaYuan travel agency for RMB 2.6 billion, “due to policy changes.”
Hotel conglomerate LN Holdings’ 2016 net profit drops 21.96% to 30.61 million yuan
03/23/2017|11:05:06 AM|
LN Holdings reported operating revenue of RMB 303 million in 2016, down by 0.99% YoY. Net profit dropped 21.96% to RMB 30.61 million during the time.
Ctrip sees 430-billion-yuan GMV in 2016
02/24/2017|9:53:15 AM|
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.
Ctrip CFO appointed as hotel giant China Lodging’s board director
01/25/2018|3:42:49 PM|
Chinese hotel group China Lodging (Huazhu) appointed Ctrip CFO Ms. Xiaofan Wang as its board director, and accepted the resignation from Ctrip co-founder Mr. Min Fan as its director.
Tuniu posts $2.9 billion total travel GMV in 2016
03/01/2017|10:22:55 AM|
Tuniu reported a 66.0% rise in total travel GMV to RMB20.0 billion (USD 2.9 billion) in 2016, according to its unaudited financial results for the fourth quarter and full year of 2016.
Focus on China – Brought to You by TravelDaily China
02/27/2017|9:36:02 AM|
TravelDaily China will present insights on China in ITB Berlin.
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