The Digital Source For China's Tech Innovation Since 2000

Search
Close

China's Tuniu.com Acquires Two Travel Agencies For Taiwanese Market Expansion

March 16, 2015
Business | Internet

Chinese Internet tourism service provider Tuniu.com will acquire majority stakes in two travel agencies.

The two travel agencies are Hangzhou-headquartered Zhejiang Zhongshan International Travel Services and Tianjin-headquartered China Classical Holiday. No financial details was released about the transactions.

Both travel agencies reportedly have licenses for organizing tours to Taiwan. By acquiring the two companies, Tuniu.com will be able to expand its Taiwanese tourism market. In 2014, about four million Chinese mainland tourists visited Taiwan, representing a year-on-year increase of 39%%.

Zhejiang Zhongshan International Travel Services and China Classical Holiday have operated for 20 years and 17 years, respectively. In 2014, the two travel agencies' operating revenue from outbound packaged tours and Taiwan tours accounted for about 70% of their total revenue.

Tags: airline | e-commerce | e-ticket | Hangzhou | hotel | Internet travel | online travel | statistics | Taiwan | Tianjin | tourism | travel | Tuniu.com | Zhejiang

Other Related News:

Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM) Shares Sold by Doyle Wealth Management

August 24, 2021

Entry Tesla Model 3 Delivery Timelines Extend to Late October for China

June 3, 2022

Qatar proves that sportswashing works

December 1, 2022

Covid kills China’s most influential personalities but Xi goes ahead with New Year address

January 9, 2023

Tesla added 20 new Supercharging stations with 79 new chargers in China in April 24HTECH.ASIA

May 25, 2022

Buffett business partner Munger laments US-China tensions, calls crypto 'venereal disease'

February 17, 2022

There is a new place to buy iPhone 14!The second Apple store in Shenzhen is coming

July 21, 2022

Pregnant mum will be 'missed forever' after sudden death

January 18, 2023

Bailard Inc. Trims Stake in Taiwan Semiconductor Manufacturing Company Limited (NYSE:TSM)

October 8, 2021
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
  • Contact Us
  • About Us
  • Corrections and Disclosure
  • Privacy Policy
  • Terms & Conditions
© 2023 ChinaTechNews.com. A Service of Asia Media Network.
Twitter