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Soaring demand and low fuel price deliver huge profits for China’s top carriers
07/31/2015|8:58:49 PM|
China’s three major airlines have benefited from the drop in fuel prices and soaring demand to see 21-fold increase in net profits for the first half of the year.
Didi-Kuadi to invest in the largest SEA taxi hailing app GrabTaxi
06/30/2015|12:44:15 PM|
Didi-Kuaidi has participated in the latest financing round of the largest taxi hailing app in Southeast Asia, GrabTaxi for an unspecific amount of funding.
Jetstar Hong Kong block a major victory for local carriers
07/01/2015|12:41:38 PM|
Jetstar Hong Kong failed to meet requirements defined by the Basic Law in regards to Hong Kong as its principal place of business.
Higher inbound tourism growth for China in first half of 2015
07/22/2015|9:37:26 PM|
CTA predicts arrivals of 133 million for this year, up 4%, with total inbound tourism revenue of US$58.3 billion, up 2.8% in the second half of the year.
Joy Air and Okay Airways mull JV
07/28/2015|5:04:39 PM|
Joy Air and Okay Airways are planning to start joint operations of auxiliary regional air routes with the possibility of merging the routes under a new joint venture.
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.
Power hungry Chinese car-hire apps turn a blind eye to driver scams
07/09/2015|10:08:44 AM|
As more drivers join a car hire platform, the platform will slowly gain leverage to shut down accounts of scamming drivers, thus reducing scamming.
Beijing High Court’s Final Judgement a victory for eLong over rival Qunar
07/02/2015|7:02:29 PM|
The nearly two-year legal battle over breach of contract between eLong Information, and Beijing Qunar, ended with an eLong victory on June 29, 2015.
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