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Posted inNews

Top 15 apps you need for living in China

Say goodbye to Facebook, Twitter, and Instagram and welcome your new favorite apps. Here is everything you will need to navigate your China life. 1. Communication: WeChat (微信) The app to rule them all, WeChat is the very definition of indispensable in China. This is where you will connect with your friends, communicate with your […]

Posted inNews

eLong Announces Privatization Bid From Tencent

 ELong, one of China’s largest online travel services, today announced that its board of directors have received a privatization offer from existing shareholder Tencent, which hopes to acquire all remaining shares in the company.  Tencent offered shareholders $18 per American Depositary Receipt (ADR), a 27 percent premium to Monday’s closing price in New York, according to […]

Posted inNews

Priceline Group Announces Additional US$250M Investment in Ctrip

The overseas online travel service company Priceline Group Inc. today announced that it will invest an additional US$250 million in Ctrip.com International, Ltd. , China’s leading online travel company.  This investment follows a commercial relationship established between the two companies in 2012, which was expanded in August 2014 along with the US$500 million investment by The Priceline Group. Immediately following issuance of the […]

Posted inNews

Travel App Developer Huoli Accelerates Monetization

Huoli, the Chinese app developer behind Flights Manager and Bullet Train Manager (our translation), has disclosed a gross merchandise volume of RMB6 billion (around US$1bn) in 2014, up from RMB700 million (around US$113m) in the previous year. The company claimed it has had some 60 million users, with 5 million monthly active users as of March 2014 (source in […]

Posted inNews

Rumor, Jack Ma Wants to Buy Ctrip

Ctrip, the leading online travel service provider, was listed on NASDAQ in 2003; Alibaba Group, led by Jack Ma and owner of Alibaba.com, Taobao.com, Alipay and China Yahoo! now has about 22,000 employees across 60 cities and regions (wikipedia). According to this report, in a trip to U.S days ago, Jack Ma was meeting with […]

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