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  • July 13, 2014
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  1. Comment - Blogs

    Investors favour online travel with Tujia funding

    Posted Jun 20th 2014, 10:46am by Doug Young

    ... Doug Young A new mega-funding by Tujia is the latest sign of overheating in the online travel space, with a wave of consolidation likely to follow in the next 2-3 years Online travel is quickly taking on a new cult-like status among investors, with word of a major new funding for vacation rental site Tujia. This latest fund-raising frenzy in online travel looks very similar ...

    http://www.scmp.com/comment/blogs/article/1536728/investors-favor-online-travel-tujia-funding
  2. Business - Banking & Finance

    Argentina's travelling supporters undercut efforts to stabilise the peso

    Posted Jun 12th 2014, 04:43am by BLOOM

    ... to travel across the border to see the national team try to win a third World Cup title. Each fan will spend about US$2,000, bringing total spending to US$200 million, according to Luis Secco, ... 9 per cent in the past month, while consumption by travellers using credit cards or buying pesos on the official market would dent reserves already hovering near an eight-year low at US$28.6 ...

    http://www.scmp.com/business/banking-finance/article/1530381/argentinas-travelling-supporters-undercut-efforts-stabilise
  3. Business - China Business

    China Travel's Wang Shuaiting sent hand-written letter of resignation

    Posted May 24th 2014, 01:52am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Travel boss quit in letter done by hand Wang Shuaiting personally hand-wrote a letter to China Travel International Investment Hong Kong asking to resign as chairman of the Hong Kong-listed company for "personal reasons", China Travel's executive director Xu Muhan revealed yesterday at a press conference. Xu said Wang was in Beijing ...

    http://www.scmp.com/business/china-business/article/1519191/china-travels-wang-shuaiting-sent-hand-written-letter
  4. Business - Companies - TRAVEL

    Travelzoo eyes 200 million Chinese travellers

    Posted May 16th 2014, 11:27am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com Travelzoo Asia-Pacific's Jason Yap talks about the impact of mainland travellers on the industry Preparing the world for wave of Chinese ... from last year, brokerage CLSA estimates. And China is just one country among many boasting a fast-growing middle class eager to travel. By 2030, there will be 1.8 billion people travelling ...

    http://www.scmp.com/business/companies/article/1513348/travelzoo-eyes-200-million-chinese-travellers
  5. Business - Comment - LAI SEE

    Why no travel alert for mainland China with this grim toll?

    Posted May 08th 2014, 12:42am by Howard Winn

    ... Howard Winn Travelling in mainland China is becoming more risky. In yesterday’s South China Morning Post, we read that six people were wounded in a knife attack at Guangzhou railway ... repeatedly drove his car onto the pavement. By the standards our Security Bureau applies,  this would have attracted some comment on its Outbound Travel Alert System, if not an alert of some kind. ...

    http://www.scmp.com/business/article/1507055/why-no-travel-alert-mainland-china-grim-toll
  6. Business - China Business

    Mainland China travel itch to be felt worldwide soon

    Posted May 05th 2014, 05:38am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com Mainland travel itch to be felt worldwide soon The staggering number of middle-class mainlanders forecast to soon catch the travel bug ... will become a big economic and cultural power and will change the pattern of the global travel and tourism industry. It will have a huge impact on this industry," said Chen Feng, the chairman ...

    http://www.scmp.com/business/china-business/article/1504565/mainland-china-travel-itch-be-felt-worldwide-soon
  7. Business - China Business - TOURISM

    Travel trade calls for shake-up to meet mainland China tourist boom

    Posted May 05th 2014, 05:38am by Benjamin Robertson

    ... Benjamin Robertson benjamin.robertson@scmp.com The surge in mainlanders travelling abroad has spurred the tourism industry to call for an overhaul in infrastructure and visa policies The Chinese are coming From Auckland to Angkor Wat, Chinese tourists are exploring the world in numbers that has the travel industry rushing to lay out the welcome mat. The challenge remains whether ...

    http://www.scmp.com/business/china-business/article/1504563/travel-trade-calls-shake-meet-mainland-china-tourist-boom
  8. Business - Companies - GAMING

    Macau under threat as mainland China gamblers cut spending

    Posted Jul 09th 2014, 05:19am by Bloomberg

    ... As mainland tourists travelled more frequently and further afield, the city could gradually lose its appeal, Ho said. “We’re already beginning to see that customers coming through our doors are more ... and Sands China have added shops, restaurants and shows to draw mainland travellers as high-stakes gamblers cut spending amid a cooling economy. I’d like to really do more for Macau, promoting [it] ...

    http://www.scmp.com/business/companies/article/1550040/macau-under-threat-mainland-china-gamblers-cut-spending
  9. Business - Banking & Finance - FOREIGN EXCHANGE

    How do rich Chinese elude foreign exchange laws to move their money abroad? Take your pick of ways

    Posted Jul 10th 2014, 11:55pm by Keira Lu Huang

    ... have married a foreign citizen can more easily transfer money out. Travel with cash For those who choose to take a large risk. ...

    http://www.scmp.com/business/banking-finance/article/1551510/how-elude-chinese-foreign-exchange-laws-take-your-pick-ways
  10. Business - China Business - COMPANY VISIT

    BAIC off on bumpy ride in global push

    Posted Jul 12th 2014, 12:52am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com Despite stiff challenges from renowned foreign brands, mainland carmaker is determined to make its presence felt in the global market through after-sales service BAIC off on bumpy ride Travelling a bumpy road in bringing a young brand to the world stage, carmaker BAIC is seeking to strengthen after-sales service and expand sales channels ...

    http://www.scmp.com/business/china-business/article/1552374/baic-bumpy-ride-global-push

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