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Tuniu’s CEO rules out privatization amid globalization forays
08/06/2015|4:32:52 PM|
Tuniu’s CEO Donald Yu said it has no privatization plans but will accelerate its globalization strategy and aims to add 100 overseas destination centers overseas.
Online travel company Golden Century nets US$11.6 million from Tongda Chemical
07/15/2015|9:56:55 AM|
Golden Century will receive RMB72 million investment from Tongda Chemical which will hold a 13.04% stake in the former.
Ctrip gears up for tougher battles in hotel contracting in Asia
06/09/2015|7:08:01 AM|
The leading OTA acknowledges that signing of direct contracts with hotels isn’t a straightforward task in overseas markets. But the team is expanding in early days of Ctrip’s globalization.
Hotels in China need to dig deeper to handle their distribution connectivity better
05/22/2015|10:38:35 AM|
According to Ted Zhang, Chinese hotel organizations need to evolve, and keep pace with evolving distribution platforms and channels.
B2B outbound tour platform Lixing raises US$1.6 million
07/17/2015|9:42:10 PM|
Lixing.Biz received an investment of RMB10 million from Buttonwood Capital to accelerate the creation of a outbound leisure travel platform.
Six Chinese high-end hotel groups form China Hotel Alliance
07/07/2015|6:05:16 PM|
The “China Hotel Alliance” was officially formed on July 6, comprising six major high end Chinese hotel groups.
Non-ticket sales expected to add US$805 million revenue for China Eastern in 3 yrs
06/26/2015|5:05:19 PM|
China Eastern is using new technology to develop value-added customer service that is expected to generate non-ticket sales revenue of RMB5 billion in three years.
Qunar and Traveling Bestone jointly launch flagship store
07/06/2015|6:45:49 PM|
Traveling Bestone is launching a joint O2O flagship store with Qunar, to be uploaded on the Qunar app, marking their start of synergistic partnership deal.
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