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China’s carriers report buoyant Q1 results
05/04/2016|9:17:21 PM|
Major Chinese carriers posted decent gains in first quarter of the year due to ongoing low crude prices and increasing domestic demand
Bullish outlooks for Chinese airlines as they emerge from exchange rate hits
04/24/2016|7:57:59 AM|
China’s carriers are enjoying more favorable outlooks than their overseas counterparts, thanks to cheap oil price, great domestic demand and supportive regulatory policies, but it remains to be seen if the advantage can be sustained
Distribution SaaS Service Titan Cloud raises RMB 160 million in B round
04/19/2016|9:08:28 AM|
B2B travel distribution provider Titan Cloud announced it has raised RMB 160 million in its B round funding, led by ChunXiao Capital and joined by various well-known investors such as WuTong Fund, Realize Investment and BoJiang Capital
China Southern to replace commission and overrides by flight segment fee
06/02/2016|6:57:24 PM|
China Southern Airlines, Asia’s largest carrier by fleet size, plans to replace Z Value commission and rebate with fee per flight segment for domestic ticketing agents, effective July 1.
UTour subsidiary Uevent plans New Third Board listing
05/04/2016|8:48:36 PM|
Beijing Uevent Public Relations Planning Co., Ltd. (Uevent), a subsidiary of Chinese outbound travel and MICE services operator UTour, has restructured as a limited liability company and is planning to apply for a listing on the New Third Board.
Phoenix Travel Worldwide plans listing with shell
06/01/2016|9:09:48 PM|
Outbound travel service provider Phoenix Travel Worldwide (“凤凰旅游”) announced plans to go public using Lantian Stock as a shell, pending a share swap within Lantian.
United Airlines launches direct flight in second-tier Chinese city
05/14/2016|9:00:29 AM|
Traffic rights between the world’s two largest economies are about to be used up, yet there is still no arrangements for new negotiations. Meanwhile, airline companies in China and the U.S. are vying to stake out routes, leading to a glut of flight seats
Short-haul travel specialist Yaochufa claims RMB 550 million raised in D round
04/19/2016|9:09:07 AM|
Chinese local tour service provider Yaochufa announced it has raised RMB 550 million in its D round funding; the company offers tour packages covering accommodation, attraction admission and local food
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