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Tujia’s online unit receives $300 million funding, backed by Ctrip
Chinese accommodation sharing firm Tujia announced that its online platform has closed $300 million E round funding, following the separation of Tujia’s online and offline departments.
AI travel solution provider 52CX receives 50 million yuan in angel round
AI travel solution provider 52CX has acquired RMB 50 million in its angel round of financing, which was led by Hede Wanjia Fund and backed by Long Lv 365.com.
China's travel club Yuelvhui completes an angel round
The business mode of Yuelvhui is to “expand lifestyle and travel IP on top of meeting basic travel demands”.
Will China’s online-offline blend boost travel spend?
The online-offline blend threaded through the TravelDaily Conference has created a division between brands that believe in the power of physical stores and those that stay the digital course.
Thomas Cook China aims for long-term growth with differentiating strategies
Positioning itself for China's upper scale travel market, the joint venture between Thomas Cook and Fosun seeks long-term growth by developing differentiated packages and focusing on online presence.
Ctrip makes offline store push in China as its profit margins rise
Ctrip is betting on 6,500 franchise shops to take aim at cities where most travel shopping happens offline and hopes to increase its operating margins to Priceline-like levels.
Ctrip's transport ticket revenue climbs 49% in Q2, aided by Skyscanner
Net revenue rose 45% to RMB 6.4 billion in the quarter. Accommodation revenue was RMB 2.3 billion (USD 341 million), up by 30%. Transportation revenue climbed 49% to RMB 3.0 billion (USD 441 million).
Record domestic & outbound tourism traffic for upcoming Golden Week
Ctrip projects all time high tourism traffic in the upcoming golden week, at more than 650 million trips for domestic travel and over 6 million trips for outbound travel.
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