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Breaking News: Jin Jiang to acquire 80% of Vienna Hotels for US$289 million
08/07/2015|4:28:47 PM|
Chinese hotel group Jin Jiang Hotels Group has invested RMB1.8 billion on August 6 for an 80% stake in the mid-range the Vienna Hotel Group and its restaurants.
CAR Inc attracts investment in its latest US$300 million bond issue
08/06/2015|3:42:14 PM|
Chinese car rental giant CAR Inc issued US$300 million in bonds on August 3, its second batch this year after issuing US$500 million in January.
Weekend travel startup Viviyoo raises US$1.6 million in Pre-A financing
08/05/2015|4:35:52 PM|
Online travel startup Viviyoo has received funding of RMB10 million in a Pre-A financing round, from lead investor Charles Xue and other investors.
Local travel startup Yikuaiqu raises US$4 million in A+ financing round
08/04/2015|5:29:36 PM|
Online local travel service Yikuaiqu announced it received RMB25 million (approx: US$4 million) in an A+ financing round.
Ctrip sees 430-billion-yuan GMV in 2016
02/24/2017|9:53:15 AM|
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.
Canada extends visa-free transit for Chinese traveling to US
08/03/2015|8:55:31 PM|
Chinese flying to the US from five Chinese cities – Xiamen, Fuzhou, Chengdu, Shenyang and Harbin – can enjoy visa-free transit at Toronto and Vancouver.
Hainan Airlines gains 22.95% in ancillary income
03/30/2017|11:05:35 AM|
HNA Group’s core carrier Hainan Airlines recorded annual revenue of RMB 40.68 billion in 2016, up by 15.48% YoY. Ancillary income rose 22.95% to RMB 2.64 billion last year.
Theme park group Fantawild posts 711 million yuan net profit in 2016
03/29/2017|11:14:30 AM|
Theme park operator Fantawild reported that operating revenue from its cultural and technological parks climbed 33.51% to RMB 1.77 billion in 2016, accounting for a dominant 91.03% share of the company’s total income in the year.
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