China’s Online Travel Sector Finds Big New Investment
Who said only Ctrip and eLong ruled the Chinese Internet travel world? LY.com, one of China’s many privately-run travel booking websites, announced that they have gained over CNY6 billion new investments from Wanda Culture Industry Group, Tencent Industry Win-Win Fund, and CITIC Capital. As the lead investor, Wanda Culture Industry Group invested CNY3.58 billion in […]
Baidu.com Takes Majority Stake In Chinese Travel Website
Chinese search engine Baidu.com announced that is plans to make a USD306 million investment in Qunar.com, a Chinese travel search engine.
Chinese Internet Travel Revs Rise, But Profit Still Low For eLong.com
Chinese online travel website eLong Inc. reported its unaudited financial results for the fourth quarter and full year ended December 31, 2010.
Ctrip.com Posts Q3 China Internet Travel Financial Results
China’s top online travel website Ctrip.com International Ltd. today announced its unaudited financial results for the third quarter ended September 30, 2010, and stated total revenues of CNY863 million, representing a 48% increase from the same period in 2009 and a 16% increase from the previous quarter.
eLong.com Launches Mobile Reservation Service
Chinese online travel service provider eLong.com has officially launched its mobile reservation service in Beijing.
Rizhao To Adopt E-tickets For All Tourism Scenic Spots
The Rizhao Tourism Administration has unveiled plans to allow tourists to the famous Shandong seaside scenic area to now pre-purchase all tickets online.