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China’s carriers report buoyant Q1 results
05/04/2016|9:17:21 PM|
Major Chinese carriers posted decent gains in first quarter of the year due to ongoing low crude prices and increasing domestic demand
Shafalvxing closes Pre-A round financing with RMB 12 million
04/21/2016|10:20:47 AM|
Home rental app Shafalvxing announced on April 20 that it had completed its Pre-A round led by ZH Investment and investors had injected RMB 12 million into the online startup
HNA forms ecological technology group as sixth pillar
03/31/2016|2:15:04 PM|
HNA Ecological Technology Group has been officially set up in Haikou and becomes the 6th pillar of HNA Group after the conglomerate’s established presence in aviation, investment, tourism, finance and logistics. The eco-tech group has started “searching for acquisition targets around the globe”.
UCAR raises RMB 3.68 billion in latest funding round
04/13/2016|2:27:31 PM|
UCAR completed a financing round on February 29 and raised RMB 3.68 billion, pushing the company’s post-money valuation to RMB 28.7 billion, according to Charles Lu, chairman of the Chinese chauffeured service provider
Chauffeured war heating up as Didi set to complete another financing round
04/11/2016|4:29:02 PM|
Not long after Uber expressed confidence in turning a profit in China within two years, its arch rival Didi Chuxing is to close yet another round of funding, with UCAR-linked Alibaba among the investors
BTG Hotel, Alitrip and Shiji initiate hotel alliance joint venture
04/01/2016|10:13:41 PM|
BTG Hotel announced that it had set up a joint venture with Alitrip and Shiji Information to form a hotel alliance brand and provide free full-content e-commerce services to the alliance’s hotel members.
HotelGG.com partners Leyard to provide event LED rental
04/01/2016|10:20:30 AM|
HotelGG announced partnership with strategic investor Leyard Optoelectronic and the companies will provide LED equipment lease for hotel events.
CAR Inc. net profit soars by 220% thanks to hired and rental services
03/11/2016|10:17:23 PM|
Buoyed by its strategic expansion in car-rental, ride-sharing and second-hand car trading, the B2C-focused CAR Inc. registered 220% growth in net profit last year.
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