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CNTA launches China Tourism Industry Promotion Fund
01/16/2015|5:03:04 PM|
“CNTA’s new jointly established fund will operate under market-driven principles to support exemplary integrated tourism projects” .
China expects significant investment in tourism industry
01/16/2015|9:34:12 AM|
China’s tourism authorities anticipate significant investments in the tourism industry and new jobs for 1.8 million people from 2015 to 2017.
Shakeup ahead for China’s glutted luxury hotel market
01/16/2015|8:48:09 AM|
Luxury hotels in China are bracing for fierce competition as supply soars - the glutted market had a total of 800 five-star hotels in 2014.
MOT bans private cars from limo service
01/09/2015|4:03:10 PM|
The Ministry of Transport (MOT) has given the green light to chauffeur service offered by taxi apps but prohibits private cars from taking part in the service.
Yongche invests US$1.3 billion in rental offshoot
01/09/2015|4:02:08 PM|
Yongche will launch a car rental operation called Yongche Rental with RMB8 billion.
Didi Taxi, Yongche targets of Beijing crackdown on “illegal taxis”
01/08/2015|9:58:34 AM|
Beijing cracked down on illegal taxis operating in Beijing Airport on January 6 to tackle the proliferation of “clone taxis”.
Kuaididache fills war chest for impending battle
12/31/2014|2:57:19 PM|
Kuaididache boosted its market valuation to US$4 billion following the completion of the round D financing that raised close to US$800 million.
Ctrip gives Tuniu US15 million boost
12/12/2014|11:07:02 AM|
A recent visit by Tuniu COO Haifeng Yan to JD.com has raised speculation that JD.com might be an investor. A move that will further complicate the relationship among China's OTAs.
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