Chinese Social Media Travel Website Gains USD15 Million Investment
With the backdrop of worries over a tourism drop in China because of the avian flu, Mafengwo.cn, a Chinese tourism social media website, announced that it has completed its B financing round of USD15 million and the investors included Qiming Venture Partners and Capital Today.
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 Tumbles As Chinese Internet Travel Services Take Big Hit
The share price of China’s top online travel website, Ctrip.com, tumbled almost 14% today as word leaked that Chinese airlines were slashing commissions to Chinese travel agents.
eLong.com Launches Mobile Reservation Service
Chinese online travel service provider eLong.com has officially launched its mobile reservation service in Beijing.