Search results for “privatization”
Poly Real Estate plans to invest RMB 2.5 billion in Didi
06/23/2016|10:50:36 AM|
Poly Real Estate will purchase 1.46% shares of Didi for less than RMB 2.5 billion. This puts the ride-share giant’s worth at about USD 26 billion. However, other data indicate that Didi may be worth at least USD 27.6 billion.
Wukong Car Rental receives millions of yuan in series A round
06/14/2016|10:20:37 AM|
Wukong Car Rental announced that it has received millions of yuan in its A-round funding in May 2016. Bojiang Capital was lead investor and it was joined by Zhen Fund and a private investment fund of Qihoo 360’s cofounder Hongyi Zhou and his wife Huan Hu.
China Eastern resumes flagship store on Qunar following Air China’s lead
06/16/2016|3:29:32 PM|
China Eastern Airlines reopened its flagship store on Qunar on June 14, just one day after a similar move by Air China. The booking aggregator’s current listings also include China Eastern’s code-share flights operated by China Southern Airlines.
Aman sets new destination in China
06/15/2016|3:26:26 PM|
Set to launch in 2017, Aman’s fourth property in China, its most ambitious to date, will comprise a village of historic dwellings surrounded by a sacred camphor forest.
HNA-Caissa aborts Capital Airlines acquisition, turning to expand outbound services
05/10/2016|10:31:19 PM|
HNA-Caissa has decided to walk away from its bid for Capital Airlines, and instead will raise up to RMB 8 billion via private placement to expand outbound tour services
Outdoor product brand Toread raises RMB 1,270 million
06/03/2016|4:54:53 PM|
Outdoor product brand Toread has completed its private placement to raise RMB 1,270 million to fund the development of its cloud-based programs, outdoor exercise O2O platforms, outdoor product e-commerce programs and outdoor safety service platforms.
MOT bans private cars from limo service
01/09/2015|4:03:10 PM|
The Ministry of Transport (MOT) has given the green light to chauffeur service offered by taxi apps but prohibits private cars from taking part in the service.
Air France KLM banks on its entrenched sales strategy in China
05/25/2016|11:14:05 AM|
Indirect offline distribution has opened up for foreign carriers in the last couple of years. Air France KLM is making the most of its association with offline and online agencies built over the years to maximize sales.
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