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Blockchain-driven home sharing platform PopulStay raises $2.25 million
07/11/2018|4:52:15 PM|
Based on blockchain technology, PopulStay hopes to build a home sharing community by directly connecting hosts and guests, and lower the cost for both parties by doing away with intermediaries.
Airbnb appoints new president in China
07/10/2018|10:37:39 AM|
Tao Peng, a local serial entrepreneur who built companies like Breadtrip, CityHunter and co-founded CityHome, announced personally that he would join Airbnb in September as President of Airbnb China.
Airbnb injects $5 million into China’s B&B management platform City Home
07/06/2018|3:03:02 PM|
This will increase Airbnb’s supply of quality accommodation in China, and make available more offline resources and services for Airbnb hosts, which will in turn help City Home acquire more sources in the country.
Smart hotels operator InnJoy closes a $1.5 million angel funding round
07/02/2018|5:32:49 PM|
In 2017, InnJoy netted approximately RMB 5 million in total revenue, RMB 3 million of which was from the hotel business, and RMB 2 million from the smart home appliance business.
ChinaTravelNews Briefing: ITB China raises insights, Hyatt flagship store debuts on Ctrip
06/01/2018|6:02:57 PM|
ITB China 2018 concluded with high hopes for China’s tourism growth, Ctrip brought in Hyatt flagship store, and more Chinese tourists are heading to Europe destinations and Russia.
What's Meituan's trump card for selling hotel rooms?
06/28/2018|2:17:36 PM|
Meituan is targeting cross-selling of hotel accommodation, a low-frequency service, by capitalizing on stickiness for often-bought services such as food delivery and in-store dining.
Blacklane eyes assured path for expansion in China
06/05/2018|10:36:50 AM|
The German company asserts that the partnership route is key to expanding business in China. The team has made progress with this approach for the outbound business, and expects this to work out for the domestic segment too.
Hotel vending machine supplier MoBianLi raises $1.85 million in funding
06/22/2018|5:00:51 PM|
MoBianLi supplies franchisees with machines for RMB 500-600, while the average market price is RMB 900-1200.
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