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Top 20 Chinese travel groups for 2014 announced
12/12/2014|11:05:50 AM|
The Top 20 Chinese Travel Groups Ranking was jointly released by China Tourism Academy and the China Tourism Association on December 11.
Wanda Tourism acquires yet another regional tour operator
12/12/2014|11:03:34 AM|
Wanda Tourism continues its takeover of regional tour operators with its acquisition of Kunming Scenic Travel, Wanda’s 11th such acquisition after Hunan tour operator Easygoing.
China Lodging nabs three Merrylin Hotels
12/11/2014|11:32:07 AM|
China Lodging acquired long-term leasing of the properties and is committing RMB100 million to renovate the three Merrylin hotels for rebranding under its mid-range JI Hotel brand.
Zhinanmao gets multi-million investment
12/11/2014|11:28:34 AM|
Zhinanmao (which means compass cat), an O2O platform specializing in customized travel, announced that it raised a multi-million RMB Pre-A round of financing.
Baojia Car Rental raises US$30 million in Series A financing
12/10/2014|11:36:02 AM|
Baojia Car Rental announced on December 9 that it had raised US$30 million in its round A financing from leading investors including Pingan Ventures and Qiming Venture Partners.
More mainland cities lined up for independent travel to Taiwan
12/10/2014|11:34:47 AM|
The newly approved cities, will likely include provincial capitals Haikou, Lanzhou, Yingchuan and Hohhot and will boost the number of approved cities to 46 cities.
Beijing Shanghai high speed rail becomes profitable IPO imminent
12/09/2014|11:52:27 AM|
The Beijing-Shanghai high-speed rail is well on target to achieve the projected annual throughput this year of 106 million trips, at a 20% average rate of increase and will begin to turn in a profit.
Chinese secondary airports to get RMB1.2 billion in subsidies
12/09/2014|11:12:51 AM|
Secondary airports have drawn widespread criticism for incurring huge losses of up to 80% some also faced the embarrassment of having more staff than passengers.
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