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Yongche cites anti-monopoly law to halt taxi app rivals’ merger
02/17/2015|6:12:06 PM|
Yongche is petitioning China’s anti-monopoly authorities to halt the merger of Didi Taxi and Kuaididache, accusing it as a serious breach of the “Anti-monopoly Law”.
Didi-Kuaidi in high gear for US IPO in June 2015
03/28/2015|9:43:32 AM|
The newly formed Didi-Kuaidi taxi app mega merger is racing to make a US IPO as early as June 2015 in order to catapult itself to a stage of high-speed growth.
CAR Inc’s entry set to realign chauffeur service market
01/08/2015|3:45:56 PM|
CAR Inc has launched an online chauffeur service as one of its 2015 core initiatives, cutting into the market dominated by Didi Taxi, Kuaididache and Yongche.
Hainan Airlines’ subsidiary Fuzhou Airlines challenges dominance of Xiamen Airlines
03/27/2015|4:22:32 PM|
The arrival of Fuzhou Airlines is a direct challenge to Xiamen Airline’s long-standing dominance in Fuzhou.
Five-star hotels no longer sanctioned to host state conferences
03/24/2015|9:38:25 AM|
Five-star hotels and other luxury facilities have been excluded in Beijing’s sanctioned government procurement list of 318 conference venues in the city.
Vienna Hotels plans to fund massive expansion with US$48 million capital
03/24/2015|9:38:07 AM|
After two successful financing rounds, mid-range Vienna Hotels Group is raising a third capital injection of RMB300 million.
China to surge pass US as top global tourism market
03/24/2015|9:37:57 AM|
The Oxford report also forecasts accelerated growth in the global tourism industry in the next ten years spurred by China and other emerging markets.
Hainan relaxes duty free shopping quota
03/23/2015|9:39:16 AM|
Travelers departing Hainan can now leave with a maximum of RMB8,000 worth of duty free purchases, up from RMB5,000 per person per trip.
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