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ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017|2:15:13 PM|
In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
Fosun leads bike-sharing firm HelloBike's $153 million funding
12/27/2017|7:11:36 PM|
HelloBike announced that it has raised RMB 1 billion (USD 153 million) in its D2 round of financing, which is led by Fosun and backed by Ant Financial that also invested in the last round.
Travel site Lvmama’s parent Joyu Culture Media secures another $402 million
12/27/2017|12:39:55 PM|
Joyu Culture Media has raised $402 million in its latest financing after the September round. The latest round is completed through a third-party limited partnership acquired by Fullshare Holdings.
Ctrip extends ground services in partnership with Big Bus Tours
11/24/2017|1:40:51 PM|
The competition in ground transportation and catering services at tourist destinations will be more intense as OTAs tap into a wider range of destination resources.
Wedding travel specialist LoveJourney bags 8-digit funding
11/15/2017|1:37:45 PM|
LoveJourney, a Hangzhou-based online platform offering tailor-made wedding travels, has received tens of millions of yuan, which will be used on international content standardization and business development.
Finnair boosts ancillary sales with omni-channel and predictive analytics
09/27/2017|7:04:48 PM|
After partnering Alipay on in-flight payment, working with TravelSky on GDS-based ancillary sales, Finnair plans to bring its chatbot to WeChat and leverage predictive analytics for ancillaries growth.
Ctrip opens up data and cross-platform synergies for destination marketing
10/25/2017|7:52:48 AM|
Ctrip is not only growing its own technologies and data for destination marketing, but also exploring cross-platform strategies by partnering with internet giants including WeChat and Google.
Xiaozhu co-founder anticipates profit in 2018 and moots listing plan
11/02/2017|4:52:25 PM|
Xiaozhu has been operational online with clear transaction scale and business model, and the possibility of going public is becoming clearer, though no timetable has yet been set.
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