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Zhejiang-based Utour Travel gets US$4.67 million investment to upgrade online travel
08/25/2015|6:10:03 PM|
Leisure travel and mini-vacation service Utour Travel recently received a RMB30 million investment, boosting its estimated value to nearly RMB300 million.
Merger speculations ruled out for China’s top carriers
07/31/2015|8:56:34 PM|
Rumors of a merger of China’s top three carriers were laid to rest but the industry continues to speculate the carriers may consolidate their air cargo operations.
Chinese carriers to spend over US$4 billion on planes to meet long-haul flight demand
07/21/2015|2:49:31 PM|
The Chinese aviation sector's turnaround is attributed to lower fuel costs and explosive growth in international air routes.
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.
Quarterly room nights exceed 11 million in new record for eLong in Q2 2015
08/04/2015|8:51:17 PM|
eLong is well positioned with a strong leadership team, significant customer base, and adequate cash balance, according to its CEO.
Local travel startup Yikuaiqu raises US$4 million in A+ financing round
08/04/2015|5:29:36 PM|
Online local travel service Yikuaiqu announced it received RMB25 million (approx: US$4 million) in an A+ financing round.
Mobile rules, but offline, too, is pivotal as car rental brands scale up
08/22/2015|8:53:45 AM|
Car rental and service providers in China are looking at mobile for growth and cost controlling but that doesn’t mean that offline touch points are going out of favour.
Caissa Touristic to invest US$778 million to set up cruise sales platform
08/22/2015|8:53:27 AM|
Caissa Touristic is setting up a cruise sales company and will invest at least RMB5 billion over the next three years to build China's largest O2O cruise sales platform.
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