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Payment acceptance in China is all about dealing with fragmentation
07/08/2015|10:20:12 PM|
Payment technology maturity and adoption is diverse in China. Airlines need to follow different rule sets and service levels for alternative payment types than that of credit cards.
China’s Airbnb Xiaozhu raises US$60 million in C Series financing round
07/08/2015|6:09:19 PM|
China’s short-term rental service Xiaozhu has received US$60 million for its Series C financing round, its largest funding yet, led by Joy Capital.
Hong Kong receives 10% fewer independent Chinese visitors in June
07/07/2015|6:05:45 PM|
The full impact of the visit pass policy change remains to be seen as independent visitors from China are still traveling on multiple-entry visit pass.
Six Chinese high-end hotel groups form China Hotel Alliance
07/07/2015|6:05:16 PM|
The “China Hotel Alliance” was officially formed on July 6, comprising six major high end Chinese hotel groups.
B2B hotel booking platform Ziztour gets A Series financing
07/07/2015|5:35:37 PM|
Hotel B2B online direct sales platform Ziztour announced it received 100 million yuan from investors led by Legend Holding in its A Series financing round.
Wanda makes first OTA investment with US$577 million in LY.com
07/07/2015|5:00:07 PM|
Wanda Culture Industry Group has injected RMB3.58 billion in its first OTA investment - LY.com, as part of Wanda Tourism’s ‘online +’ O2O strategy.
Alibaba's Alitrip partners with Travelport to boost platform's content and data
07/06/2015|6:59:13 PM|
Leading travel commerce platform, Travelport announced a new content and data partnership agreement with the online travel platform of the Alibaba Group, Alitrip.
Qunar and Traveling Bestone jointly launch flagship store
07/06/2015|6:45:49 PM|
Traveling Bestone is launching a joint O2O flagship store with Qunar, to be uploaded on the Qunar app, marking their start of synergistic partnership deal.
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