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India’s Answer To Uber, Ola Takes $210M Led By Softbank At $1B Valuation

India’s Answer To Uber, Ola Takes $210M Led By Softbank At $1B Valuation

SoftBank, the Japanese tech powerhouse, flush with billions from its extremely lucrative Alibaba investment, has led a $210 million investment in Ola, an Uber-style service in India.

10/28/2014|11:49:07 AM|Techcrunch
Alibaba ventures into the field of online travel with new brand

Alibaba ventures into the field of online travel with new brand

Alibaba subsidiary “Taobao Travel” will shed the Taobao link to promote itself as an independent online travel brand the new brand name will be announced on Oct.28.

10/25/2014|6:43:39 PM|TravelDaily China
Matrix Partners China leads 10 million US$ investment in Atzuche

Matrix Partners China leads 10 million US$ investment in Atzuche

On the 19th of October P2P private car rental platform Atzuche announced that it had received US$10 million in its series A financing.

10/24/2014|2:47:20 PM|TravelDaily China
eHi Car Service invests US$25 million into Kuaidadiche

eHi Car Service invests US$25 million into Kuaidadiche

Major Chinese car rental company eHi Car Service invested US$25 million in Chinese taxi app Kuaidadiche.

10/23/2014|10:48:33 AM|TravelDaily China
Zhoumo Qunar raises US$10 million

Zhoumo Qunar raises US$10 million

Zhoumo Qunar received US$10 million in investment. In the fourth quarter of 2014 it will seek out new transaction models and advance the company’s globalization.

10/21/2014|10:53:59 AM|TravelDaily China
Chinese tourism booking site Lvmama gets $49M funding to stay competitive in ongoing price war

Chinese tourism booking site Lvmama gets $49M funding to stay competitive in ongoing price war

Lvmama, a Chinese tourism booking site, has secured RMB 300 million in fresh funding, according to an internal company email obtained by 36kr..

10/17/2014|11:21:43 AM|Techinasia.com
Airbnb and Uber Face Some Harsh Realities

Airbnb and Uber Face Some Harsh Realities

Airbnb and Uber are maturing startups both facing some hard realities as they grow.

10/11/2014|3:53:12 PM|tnooz.com
eLong COO Jason Xie resigns to start new business

eLong COO Jason Xie resigns to start new business

Jason Xie who has been eLong’s Chief Operating Officer for almost seven years will immediately step down as eLong will bring in two technocratic vice presidents to maintain the company’s mobile platform and seek a new technological breakthrough.

09/25/2014|7:16:37 PM|TravelDaily China
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