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BTG-Homeinns goes for franchise as combined net income drops
09/13/2016|9:19:10 PM|
BTG Hotels, the new parent company of Homeinns, reported 66.73% decline in net income for the first half of 2016.
Time for foreign meta-search engines to go beyond strong “product”
09/13/2016|10:37:50 AM|
Localisation of product and team isn’t seemingly enough for any foreign meta-search engine due to the sheer scale of intermediaries that are already established in China.
Octopus receives RMB 170 million in B round backed by Tempus Global
08/25/2016|10:46:42 AM|
A Tempus Global-led group planned to inject RMB 170 million into Octopus. Tempus Global will acquire a 4.17% stake in Octopus for RMB 50 million.
BTG Hotels appoints David Sun as new GM
09/09/2016|2:48:39 PM|
BTG Hotels has named Mr. David Sun as general manager and appointed six assistant general managers to form a new leadership team.
Highlights of China Travel Innovation Challenge
08/30/2016|6:36:58 PM|
As part of 2016 TravelDaily Conference which will be held from Aug. 31 to Sept. 1 in Shanghai, China Travel Innovation challenge will be held in the afternoon of Sept. 1.
DragonPass lands on New Third Board, eyeing high-end lounge services
08/05/2016|12:05:11 PM|
Chinese high-end business lounge operator DragonPass anticipated that its services would have 20 million users and cover 1,000 airports around the globe in two or three years.
UTour’s outbound wholesale revenue climb 59% in first half of 2016
08/22/2016|9:56:02 AM|
UTour’s operating revenue grew 41.99% to RMB 4.453 billion in first six months. Revenue from its outbound wholesale business was RMB 3.43 billion, up by 59.03% YoY.
Caissa Touristic net income rises 76.79% in first half of 2016
08/17/2016|9:34:58 AM|
Caissa Touristic’s revenues from tourist services increased 52.47% YoY to RMB 2.22 billion in the first half of 2016. Net income was RMB 36.34 million, up by 76.79%.
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