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Breaking News: Jin Jiang to acquire 80% of Vienna Hotels for US$289 million
08/07/2015|4:28:47 PM|
Chinese hotel group Jin Jiang Hotels Group has invested RMB1.8 billion on August 6 for an 80% stake in the mid-range the Vienna Hotel Group and its restaurants.
Chinese arrivals to New Zealand up 33% in first half of the year
08/05/2015|4:34:17 PM|
New Zealand received 313,000 Chinese visitors in the first six months of the year and it expects up to 350,000 arrivals by year end.
Utour aims to improve travel industry financial services with small loans company
07/29/2015|4:14:25 PM|
Utour announced it will set up a small loans company in Guangzhou with RMB100 million registered capital.
Overseas travel guide platform MDD World gets multi-million yuan angel investment
07/02/2015|10:01:10 AM|
Destination travel platform MDD World received a multi-million yuan angel investment from Shenzhen investors Innovalley and Innovation Angel Funds.
Shanghai becomes world’s 8th largest cruise port
06/29/2015|6:29:34 PM|
Shanghai overtook New York to become the eight busiest cruise port in the world, with 240 cruises using Shanghai as home port in 2014, a growth of 42.9% y-o-y.
Breaking News: Group-buy site Meituan to acquire Kuxun from Expedia’s Tripadvisor
07/16/2015|9:43:51 PM|
Meituan has confirmed it will acquire full ownership of online travel platform Kuxun from Tripadvisor to step up its hotel coverage and complete its business range.
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.
Small-scale PMS Golden Swan gets US$1.6 million Pre-A financing
07/10/2015|10:07:18 AM|
“Our goal is to become the leader in the market of medium- and small-sized hotels in third- to sixth-tier cities within the next three years,” said CEO Lihua Xiao.
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