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Juneyao Air to raise US$574 million for fleet expansion and online travel venture
07/15/2015|9:56:36 AM|
Juneyao Air plans to raise RMB3.565 billion (approx: US$574 million) to expand its fleet and enter the online travel industry to open new sources of revenue.
Visa and destination travel platform Baicheng raises US$32 million
07/14/2015|10:03:32 AM|
Baicheng will extend its services from visa to specialized destination travel to grow from one million users to 10 million users.
Group-buy platform Meituan sells 33 million room nights in six months
07/14/2015|10:03:01 AM|
Meituan enjoyed 190% growth in turnover in the first half of this year and transaction volume of RMB47 billion during the period.
Lenovo leads US$24 million investment in overseas Wi-Fi provider Skyroam
07/14/2015|10:02:37 AM|
Skyroam will expand the global coverage of its mobile roaming service, introduce more discounted service packages and more VSIM smart terminals.
Chinese tourism expenditure enjoys double-digit growth in first half of 2015
07/13/2015|10:05:54 AM|
China’s tourism expenditure grew 14.5% to reach RMB1.65 trillion while investment grew by 28% y-o-y to a total of RMB301.8 billion in the first half of 2015.
Travel utility app There Travel raises US$1.9 million angel investment
07/13/2015|10:05:44 AM|
There Travel has received an angel investment of RMB12 million that it plans to use to fine-tune its products and develop the market, according to its CEO Ning Shi.
Top Chinese outdoor and sports event organizer Huway gets US$6.44 million
07/13/2015|10:05:28 AM|
Huway has received RMB40 million (approx: US$6.44 million) from Mango Haitong Creative Arts Investment Fund in its A Series financing round.
China needs to sharpen its focus in the arena of hotel distribution tech
07/12/2015|10:06:20 AM|
Hotels in China need to be equipped with better technology to manage a variety of systems such as PMS, CRS etc.
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