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Capitalizing on the growth of Chinese outbound travel
09/17/2015|11:15:34 AM|
TravelDaily Conference’s 1st roundtable discussed “how the world’s travel and tourism industry can capitalize on the growth of Chinese outbound travel.”
Priceline boosts equity in Ctrip to above 13%
09/17/2015|8:59:16 AM|
Priceline has pumped more than US$100 million to buy Ctrip shares in the open market recently, boosting its holding in Ctrip to 13.44% as of September 14.
UCAR raises US$550 million boosting market valuation to US$3.55 billion
09/17/2015|8:59:07 AM|
CAR Inc. has announced that it is forking out US$50 million to take part in UCAR Group’s Series B financing. The financing round generated a total of US$550 million for UCAR, the operator of CAR Inc’s UCAR chauffeurerd service.
Smart itinerary planner Mioji set to publicize product with latest financing
09/16/2015|10:59:04 PM|
Smart travel itinerary planner Mioji Travel had completed its B Round Financing raising US$20 million from lead investor BAI, and other investors including Morningside Venture Capital and DCM.
Utour partners Golden International to dig deeper into the US market
09/16/2015|10:58:45 PM|
Utour has made a strategic investment in Golden International Air and Travel, known for its strength in handing independent travel and bus travel in the US.
Universal Beijing theme park deal signed
09/16/2015|10:57:23 PM|
The Chinese and US parties will set up a joint venture company to kickstart planning work with the goal of quickly launching the park.
Hong Kong Airlines holds IPO plan
09/16/2015|10:57:07 PM|
Affected by the recent lackluster performance of the stock market, Hong Kong Airlines has reportedly shelved its plan to go public in Hong Kong in Q4 of this year.
China’s business travel to become top in the world by 2017
09/16/2015|10:56:43 PM|
The numbers indicate that China is on track to overtake the US and become the world’s largest business travel market by 2017, despite uncertainties arising from China’s slowing economy.
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