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Major airlines’ three-quarter profit exceeds full year result in 2015
11/03/2016|10:39:30 AM|
The Big Three state-owned Chinese carriers together have made larger net profit in the first nine months of 2016 than the full year of 2015.
Airport valet parking startup FeiBoTong closes A round
11/18/2016|10:53:23 AM|
Airport valet parking service provider FeiBoTong announced that it has received millions of yuan from series A round funding.
Cheap flight search engine Dwfei.com completes Pre-A round
11/11/2016|2:25:31 PM|
Guangzhou-based cheap flight search engine Dwfei.com, announced it has completed its Pre-A round worth millions of yuan. The platform helps users by travel to more countries for less.
Didi Chuxing reportedly plans to cut 1,000 jobs
11/16/2016|12:55:53 PM|
Didi Chuxing is reportedly laying off more than a hundred employees, and the company may be aiming at cutting a total of 1,000 jobs, according to a Qieshengtai report.
Baidu Nuomi halts self-run hotel reservation
11/16/2016|11:44:40 AM|
Baidu Nuomi has transplanted Ctrip's and Qunar’s hotel-booking and ride-hailing services to its platform to replace its own services.
Leo Group invests RMB 27m in ground solution provider Yuetu
11/10/2016|5:57:13 PM|
Zhejiang-based Leo Group made an investment of RMB 27 million in Yuetu for 9% holding. As a transportation solution provider, Yuetu offers basic information and guidance about train services to individual customers.
HNA's Shareco to buy 34.90% stake in GEE
11/10/2016|8:48:30 AM|
HNA subsidiary Shareco will buy a 34.90% stake in US-based inflight entertainment company GEE for USD 416 million.
China investors splashed $9.25b on buying overseas hotels
11/15/2016|1:04:27 PM|
China’s investors have splashed USD 9.25 billion snapping up hotels and accommodation worldwide in 17 deals so far this year.
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