Company expands 1-yuan program for attractions with 5b yuan injection

Tongcheng Network Technology Share Co Ltd said on Tuesday it will invest a further 5 billion yuan ($813 million) in its program that offers tickets to tourist attractions at 1 yuan each.

The Jiangsu-based online travel agency, which focuses on bookings for popular tourist sites, received a credit line of 5 billion yuan from China Merchants Bank Co for the program, said Tongcheng Chief Executive Officer Wu Zhixiang.