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China’s traveltech charts its own course, direct connect being a prime example
06/23/2016|10:38:51 AM|
NDC is still a work in progress in China. But the likes of Alitrip, in conjunction with domestic carriers, have shown that blending mobile retail commerce and home-grown API is a prudent way.
China Lodging and Vanke back SimplyWork in series A round
06/22/2016|11:51:18 AM|
Office-sharing platform SimplyWork announced that the company has raised RMB 30 million in its series A round. The round had China Lodging Group, Vanke and IDG Capital as investors.
Didi Chuxing raises USD 7 billion
06/16/2016|11:15:54 AM|
The world’s biggest ride-hailing companies, US-based Uber and China-based Didi Chuxing, are smashing records for private-company financing.
HNA to tap Asia’s short-haul travel, partnering French vacation operator
07/08/2016|9:41:06 AM|
HNA PV Tourism plans to roll out five projects in three years to build holiday resorts near first-tier and second-tier Asian cities, to tap the booming short-haul market.
B2B online hotel direct sales platform Ziztour completes an eight-digit series B round
07/08/2016|9:13:16 AM|
Ziztour, a B2B online hotel direct sales platform, has completed an eight-digit series B round led by LB Investment, a Korean private equity firm, and joined by Legend Capital (“君联资本”) and Cheng Lan Capital (“城蓝资本”).
Ctrip becomes China Eastern’s fifth largest shareholder after RMB 3 bn investment
07/06/2016|10:05:19 AM|
China Eastern Airlines has raised RMB 8.548 billion in a private placement and Ctrip has become the carrier’s fifth largest stakeholder after taking 3.22% for RMB 3 billion.
MICE platform Eventown completes a new round of investment
07/05/2016|6:49:56 PM|
MICE venue search portal and online one-stop-service platform Eventown Group announced on July 1 that it has completed a third round of funding worth over RMB 100 million led by Harvest Capital and joined by its existing investors.
Atzuche raises over RMB 100 million in series B+ round
07/05/2016|10:34:30 AM|
P2P car rental Atzuche has received more than RMB 100 million in its series B+ round.
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