Ctrip

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Ctrip invests over $200 million in online agency competitor LY

By Karthick Prabu | April 28, 2014

In an interesting move, China's leading online travel agency (OTA) Ctrip invested over $200 million in a local competitor LY. With this investment, Ctrip will become the second biggest stakeholder Read More

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Online giants eLong and Tongcheng form exclusive partnership

By Karthick Prabu | April 12, 2014

China's online travel agents - eLong and Tongcheng - have entered into a strategic partnership that will see the companies exclusively supply certain products to each other. Under the agreement, eL Read More

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Chinese online agencies suspend sales of Malaysia Airlines following MH 370 incident

By Kevin May | March 29, 2014

At least one Chinese online travel brand has now stopped selling Malaysia Airlines flights as the quest for answers over the stricken flight MH 370 continues. Expedia-owned eLong, which had two pas Read More

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Ctrip hit by credit card security loophole

By Karthick Prabu | March 25, 2014

China-based internet security monitoring service Wooyun has exposed a possible security loophole in Ctrip, one of the country's biggest travel brands. Last week, Wooyun reported a potential expos Read More

News / Technology

Enter the dragon: China online travel soars, $75 billion market by 2017

By Karthick Prabu | March 14, 2014

China's online travel industry is estimated to grow in double digits year-on-year with online travel revenue hitting about $75 billion by 2017. iResearch, a China-based research company has release Read More

News / Technology

China and Thailand lead mobile purchase race across Asia Pacific

By Linda Fox | February 27, 2014

Chinese and Thai consumers are making more purchases using smartphones than other nationalities in the region according to research. The MasterCard Online Shopping Survey reveals almost 60% of cons Read More

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eLong reports record high annual revenue, mobile hotel bookings jump

By Karthick Prabu | February 19, 2014

eLong has reported a net revenue of $43.1 million for its fourth quarter 2013, an increase of 25% over the same period in 2012. The highlight of the financial results was Expedia-backed eLong's net Read More

News / Online

Chinese online travel agency 17u raises $82.5 million

By Karthick Prabu | February 17, 2014

One of the biggest investments of 2014 so far - 17u has raised $82.5 million in Series C funding from Oriza, Tencent, Boyu Capital and existing investors. The Suzhou-based online travel agency, whi Read More

News / Technology

Ctrip seeing steady growth of 30%, dominated hotel and flight bookings

By Karthick Prabu | February 12, 2014

Ctrip has reported an increase of 30% between 2012 and last year, on the back of net revenue of $890 million. The Chinese online travel agency saw a similar jump (31%) in the fourth quarter of 2013 Read More

News / Online

Alibaba plots travel sector growth with offer for map service AutoNavi

By Karthick Prabu | February 11, 2014

China ecommerce giant Alibaba is signalling travel expansion intentions with an offer to fully acquire leading mapping and navigation service AutoNavi. In May 2013, Alibaba acquired a 28% stake in Read More

News / Online

Travel MARKETING roundup - January 2014

By PhocusWire | January 30, 2014

This is a roundup of product news and announcements for travel MARKETING in tourism and hospitality for January 2014. 30 January 2014: CheapAir connects each customer with a personal travel advi Read More

News / Technology

China activity booking service Yikuaiqu raises $3 million

By Karthick Prabu | January 27, 2014

Yikuaiqu, a scenic attraction booking service in China, has secured $3 million in Series A funding led by Shenzhen Hight-tech Investment. Also participating in round was the Shenzhen Capital Group. Read More

News / Technology

Qunar reports record high for flight bookings via mobile

By Karthick Prabu | January 6, 2014

Qunar, the Chinese metasearch service, has achieved a single-day record of 60,000 flight bookings via its mobile channel. The all time high number was experienced during the New Year holiday in Chi Read More

News / Technology

[UPDATED] China car rental turns hot as Didi Dache raises $100 million

By Karthick Prabu | January 2, 2014

China's leading online taxi hailing service provider Didi Dache has secured $100 million in Series C funding from Tencent and Citic. The Beijing-based company's investment is led by Citic with $60 Read More

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Ctrip helps China car rental service eHi pocket $100M investment

By Karthick Prabu | December 20, 2013

eHi, a Shanghai-based online car rental service, has secured over $100 million investment from China's leading OTA Ctrip.com and existing investors. In 2012, US-based Enterprise Holdings invested i Read More

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