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Utour acquires 54% stake in Oceania tourism startup Xtx6
07/28/2015|2:34:19 PM|
Utour is taking a 54% stake in Oceania travel wholesaler Xtx6 to tap the potential of the Oceania region and bring long-term benefits to overall profitability.
CAR Inc signs purchase deal with VW to enlarge fleet
05/13/2015|10:30:25 AM|
CAR Inc has signed an agreement to purchase 100,000 cars for at least RMB10 billion from Shanghai Volkswagen over the next three years.
Chinese carriers to spend over US$4 billion on planes to meet long-haul flight demand
07/21/2015|2:49:31 PM|
The Chinese aviation sector's turnaround is attributed to lower fuel costs and explosive growth in international air routes.
Tourism B2B platform Piao Guanjia aims for New Third Board listing by year end
07/29/2015|5:57:06 PM|
Piao Guanjia announced it will apply to list on China’s New Third Board (OTC market) and would list as early as the end of the year.
Higher inbound tourism growth for China in first half of 2015
07/22/2015|9:37:26 PM|
CTA predicts arrivals of 133 million for this year, up 4%, with total inbound tourism revenue of US$58.3 billion, up 2.8% in the second half of the year.
Chinese carriers more than double US-bound flight capacity in five years
07/20/2015|9:40:44 PM|
Chinese arrivals to the US jumped 50% in the first half of this year spurred by the new visa rule, and 70% more visas are expected to be issued this year.
Australian hotel industry flush with Chinese capital
05/07/2015|11:00:24 AM|
After concluding a US$442 million purchase of Hilton International’s Hilton Sydney, Bright Ruby is also looking to buy The Westin Sydney for US$400 million.
Breaking News: Ctrip sets up overseas hotel investment platform
07/17/2015|9:42:54 PM|
Ctrip is joining hands with Huiyu Asset Management and Singapore-based F&H Group to form a fund management platform, Xieling Investment.
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