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China hotels to gross $796 billion in 2018 in accommodation and F&B services
04/13/2018|5:54:46 PM|
Hotel report projects that China’s hotel industry will gross RMB 5 trillion from accommodation and F&B services in 2018. Jinjiang, BTG Homeinns and HUAZHU have been identified as the three biggest hotel groups.
Chinese car rental firm eHi enters into definitive merger deal
04/06/2018|11:01:52 PM|
Teamsport Parent will acquire eHi in a deal that values eHi at USD 937.5 million. Ctrip held a 14% equity interest in eHi as of 2016 with aggregated investment cost of USD 107 million.
B2B travel platform Octopus scoops $95 million, backed by Alipay’s parent
04/09/2018|1:00:44 PM|
Alipay parent company Ant Financial and CCB International are new investors, and both will participate in Octopus’s new S2B initiative.
China’s hotel consolidator DidaTravel raises $8 million
04/09/2018|8:42:41 AM|
DidaTravel will continue to increase direct procurement of hotel resources, expand overseas sales and domestic offline channels after completion of the current round.
ChinaTravelNews Briefing: Ctrip Car licensed to run, Meituan buys Mobike, Airbnb Plus
04/08/2018|5:49:42 PM|
Ctrip Car gets the nod to run ride-hailing business; Meituan extends its offerings to 320 million annual active users through its Mobike acquisition; and higher fuel cost is affecting the growth of airlines.
Tujia COO: Collaboration with Airbnb being mooted for synergy
03/13/2018|8:22:45 AM|
Tujia has seen the possibility to work with Airbnb. “It is quite worthwhile to explore cooperation in shared inventories, room status and even the promotion of the legalization of global B & B business."
Hostel brand ShiLiLi raises RMB 100 million
02/14/2017|9:18:45 AM|
Honeymoon accommodation and hostel brand ShiLiLi announced in a Shenzhen press conference today that the company received RMB 100 million last November.
ChinaTravelNews Briefing: Mobile payment, blockchain and destination services
03/12/2018|1:55:59 PM|
For the last fortnight, latest tourism statistics underlined China’s position as a vital source market, and fresh funding flowed into China's blockchain travel and destination service startups.
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