Search results for “tourism groups”
Outbound travel site Woqu merges with Lulutrip and announces $25 million B+ round
03/21/2017|8:02:53 AM|
Outbound local tour platform Woqu announced that it has merged with Lulutrip, a travel service for overseas Chinese tourists. Meanwhile, it has raised USD 25 million in its series B+ round funding.
Meituan-Dianping announces 3-billion-yuan fund for consumer sector
02/22/2017|11:47:29 AM|
Meituan-Dianping kick-started an industrial fund, targeting to invest RMB 3 billion in the consumer sector. The funding sources include Meituan-Dianping, Tencent and New Hope Group.
Ctrip invests in boutique hotel operator Lagom
03/07/2017|3:05:30 PM|
Ctrip has made a strategic investment in boutique hotel and alternative accommodation brand Lagom, according to Lagom’s announcement. The online travel giant also invested in boutique chain Jiuqi last September.
Hotel conglomerate LN Holdings’ 2016 net profit drops 21.96% to 30.61 million yuan
03/23/2017|11:05:06 AM|
LN Holdings reported operating revenue of RMB 303 million in 2016, down by 0.99% YoY. Net profit dropped 21.96% to RMB 30.61 million during the time.
HNA Group to merge its technology and logistics units
02/10/2017|11:22:32 AM|
HNA Group plans to merge its eco-tech and logistics businesses into a new entity.
Caissa invests in outbound platform HuanTaoYou
12/14/2016|9:58:47 AM|
Caissa Tourist plans to make an investment in outbound tour platform HuanTaoYou and expedite consolidation of overseas resources by leveraging the latter’s supply-sales connection.
UTour drops planned 2.6-billion-yuan takeover of HuaYuan
02/06/2017|9:47:42 AM|
Outbound tour operator UTour announced on February 2 that it has decided to pull the plug on the plan of fully acquiring HuaYuan travel agency for RMB 2.6 billion, “due to policy changes.”
TravelDaily China hosts ITB Asia session
10/26/2016|9:45:46 AM|
On invitation by ITB Asia, TravelDaily China hosted a session at the B2B travel trade show for Asia on China’s outbound tourism and digital marketing on October 19.
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