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Ctrip loses over US$12.7 million in 12-hour shutdown
05/29/2015|9:22:51 PM|
Ctrip's 12 hour disruption made its share price fall by 4% at the opening of trading, and close at 1.59% lower at US$80.22 per share.
Ningbo Municipality and Hainan Airlines Group jointly set up Ningbo Airlines
06/10/2015|5:05:02 PM|
The newly established Ningbo Airlines has set up its headquarters in Ningbo Lishe International Airport and plans to become the top carrier in the Ningbo aviation.
Chinese smart suitcase Lvxingzhe gets angel investment from Qunar executives
06/11/2015|5:10:57 PM|
With reasonable quality and similar functions to Bluesmart at a much lower price tag, Lvxingzhe has won the confidence of the investors.
Baidu invests in two public transport Wi-Fi operators
06/09/2015|7:08:17 AM|
Baidu, Alibaba and Tencent are eager for a slice of the Wi-Fi market as a POE, a source of users and customer behavior data and rich app showplace.
China Southern ordered to cut commission by RMB1 billion
05/25/2015|11:07:54 AM|
State-Owned Assets Supervision and Administration Commission required the carrier to lower its agents’ expenses by RMB900 million.
Overseas destination startup Haiwan gets Series B financing to start group buy abroad
06/08/2015|7:11:08 AM|
Haiwan’s transactions are much larger compared with domestic groupbuy transactions as consumers are not as price conscious when purchasing abroad.
Uber boasts one million transactions a day in China
06/12/2015|7:12:17 AM|
CEO Travis Kalanick will personally monitor the daily developments in the local market “China is the number one priority for Uber’s global team,” he said.
IATA ranks China Southern third largest airline in the world
06/10/2015|8:14:55 PM|
China Southern Airlines has become the world’s third largest airline having carried more than 100 million passengers/trips annually, according to IATA.
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