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BTG reports 550 million yuan net profit in first 3 quarters of 2017
11/01/2017|1:18:49 PM|
BTG Hotels registered 40.15% increase in operating revenue to RMB 6.312 billion in the first nine months of the year. The net profit attributable to the parent company was RMB 550 million, up 250.9%.
Ride-booking App Shouqi secures RMB 600 million B round
10/26/2017|3:44:15 PM|
China’s ride-booking App Shouqi Limousine & Chauffeur has secured RMB 600 million from a subsidiary of China Oceanwide Holdings Group, which now holds a 11.67% stake in the company.
Joyu-Lvmama receives RMB 1 billion funding from Res Publica Holdings
09/27/2017|7:04:07 PM|
Chinese tourism platform Joyu Group announced that it has received RMB 1 billion for its online platform Lvmama, and that Res Publica Industry & Finance Holdings has become its new partner.
FIT Ruums ramps up operations in India
06/23/2017|10:31:36 AM|
FIT Ruums, Webjet Limited’s Asian B2B travel brand, has arrived in India and is rapidly ramping up its business in this dynamic market.
Restaurant POS TouchBistro raises 12.1 million dollars
06/03/2017|2:14:28 PM|
TouchBistro raised C$16.3 million ($12.1 million) in Series C funding led by Napier Park Financial Partners and Recruit Holdings Co Ltd. This latest round brings TouchBistro’s total funding to date to C$45.3 million.
HNA Holding cuts loss by 89.8% amid buying spree
04/26/2017|10:05:37 AM|
HNA Holding reduced annual loss by 89.8% last year while actively exploring overseas investment opportunities.
SEC report: HNA Group owns 26.5% stake in Tuniu
04/18/2017|6:39:51 PM|
A recent SEC filing shows that HNA holds a 26.5% stake in Tuniu and JD.com controls a 20.6% stake in the company, as of March 31, 2017.
Travel conglomerate OCT to divest interests in two firms for 2.3 billion yuan
04/13/2017|10:15:10 AM|
Theme park and tourism firm OCT Co. plans to divest its stakes of 100% in Taizhou OCT and 60% in OCT Vision. The two deals will be worth RMB 2.3 billion.
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