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ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017|2:15:13 PM|
In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
Travel site Lvmama’s parent Joyu Culture Media secures another $402 million
12/27/2017|12:39:55 PM|
Joyu Culture Media has raised $402 million in its latest financing after the September round. The latest round is completed through a third-party limited partnership acquired by Fullshare Holdings.
Ctrip- and Tencent-invested Tongcheng merges with eLong, eyeing capital market
12/29/2017|7:38:54 PM|
Tencent and Ctrip will become major shareholders of the new entity TongCheng-eLong. Ctrip co-founder James Liang will serve as co-chairman.
China Resources Fund makes strategic investment in Meituan-Dianping
07/20/2016|3:05:49 PM|
Chinese Internet company Meituan-Dianping said on July 18 it has raised an undisclosed amount from China Resources Group in a fresh round of funding.
Tencent, HNA back Yunji Technology’s 8-digit A round financing
11/21/2017|1:35:52 PM|
Yunji robots have served 160,000 users from hundreds of institutions in 55 cities across 25 provinces, accumulating an operating distance of 28,000 kilometers by October 2017.
Children outdoor activities company BBZTX closes ￥20 million B round financing
11/27/2017|4:17:55 PM|
Children outdoor activities company BBZTX has received more than ￥20 million in its B round financing. The company presently maintains a presence in 20 cities with annual revenues of nearly ￥40 million.
Homestay booking platform Muniao completes B+ round financing
11/08/2017|7:26:26 PM|
China’s short-term home-sharing startup Muniao has completed its B+ round financing. The new investors are Quan Funds, Oriental Fortune Capital, Innovation Angel Funds, Plum Ventures and Max Capital.
Alibaba founder invests in Airbnb’s China rival Xiaozhu
11/02/2017|7:33:32 AM|
Chinese house-sharing platform Xiaozhu.com raised $120 million in its latest financing round backed by Alibaba founder Jack Ma's Yunfeng Capital, making it a billion-dollar unicorn startup.
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