Search results for “privatization”
UTour may gain 10% shares plus a board seat in Ctrip's vacation business
03/17/2016|9:33:15 AM|
UTour and Ctrip will undertake cross-shareholding of 10% stake in each other and the former might acquire a board seat in the latter's holiday unit after the UTour acquires Huayuan.
Hotel Internet Services raises $7.5 million, plots acquisitions
03/09/2016|3:11:04 PM|
Recently,technology provider Hotel Internet Services has secured a $7.5 million investment round and an additional of $125 million for planned acquisitions from private equity firm GPB Capital.
Club Med accelerates growth in China aided by Fosun
02/22/2016|8:37:03 AM|
Having launched two resorts in China in 2015, Club Med is picking up development speed and plans to open 15 more in the next five years and will have a total of 20 resorts in China by then.
EQT to create new European tourism group with Kuoni takeover
02/12/2016|12:54:05 AM|
Swedish private equity firm EQT aims to create a new European tourism group with the agreed takeover of Kuoni and possible purchase of TUI's Hotelbeds unit.
Ctrip’s partner UTour plans full acquisition of HuaYuan
03/03/2016|6:18:43 PM|
Ctrip’s partner Beijing Utour International Travel Service Co Ltd (UTour) plans to buy out Huayuan International Travel (HuaYuan) for RMB 2.6 billion. The funds for the purchase will be raised by issuing 65.61 million shares at RMB 35.82 per share plus RMB 250 million in cash.
Joyu Group captures RMB 800 million funding to kickstart crossover of drama IP with travel and internet
02/05/2016|6:44:01 PM|
Joyu Group has gained RMB 800 million funding from a group of investors including Huace Film & TV on February 4. The deal will kickstart a new era for crossover collaboration between China’s movie and tv show giants and tourism destination operators.
Travel companies silent on the US vs Apple debate, so far
02/22/2016|6:30:08 PM|
Yesterday,FBI asked a federal judge in California to make Apple write software that will enable it to look at data on an iPhone used by a suspect in the San Bernardino killings.No travel company has come forward to take sides in the debate yet. But as the industry increases its efforts at personalizing customer offers,a day may come when the industry must take a view.
CNTA: Chinese investors rushing to invest in Europe
01/29/2016|10:01:47 AM|
The full-on collaboration between the travel sectors of China and Europe has turned Europe into a “gold-rush” market for Chinese travel enterprises, which has been making diversified investment overseas.
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