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China Eastern Airlines gets $1.7 billion lifeline from parent firm

The airline’s passenger turnover plunged 51.6 percent last year from the year before.

02/04/2021|10:18:41 PM|Yicai

Family-activity space provider Mini Mars secures tens of millions of yuan

The company aims to launch more than 10 stores across the country in 2021.

02/04/2021|1:47:06 PM|ChinaTravelNews

New York investment firm acquires 6.64% stake in Trip.com Group

As of February 3, the online travel company was worth USD 18.98 billion.

02/03/2021|3:34:39 PM|ChinaTravelNews

Upscale hospitality group New Century projects 80%-90% less profit

In the second half of 2020, the hotel chain's occupancy rate and RevPAR were significantly improved.

02/03/2021|6:03:23 AM|ChinaTravelNews

Club Med owner Fosun Tourism expects annual loss of up to $410 million

Club Med resorts had 57% less business in 2020 than that in 2019.

02/03/2021|5:40:44 AM|ChinaTravelNews

Hong Kong airport raises $1.5 billion in bond sale to fund third runway

Construction of the airport’s third runway is expected to be finished in 2022 and should be fully operational by 2024.

02/02/2021|4:11:15 PM|Reuters

Hainan Airlines seen attractive to new investors despite HNA crisis

A strong route network, high brand value and an experienced management team as well as restructuring efforts by China’s No. 4 carrier, were among the reasons cited.

02/02/2021|2:57:23 PM|Reuters

Chinese conglomerate HNA says creditors filed petition for its bankruptcy

The group was once one of China’s most acquisitive companies but had the equivalent of roughly $76 billion in total short-term borrowings and long-term debt at the end of June 2019.

01/29/2021|11:39:03 PM|WSJ
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