New agreement will help Fliggy better aggregate and normalize travel content from multiple sources and enable it to offer more customized products and services to travelers.
Travel experience booking platform Klook raises $200 million; China set to expand blacklist of overseas tourist destinations.
Chinese travel companies raise $5.6 billion last year; China rejects BN(O) passport as travel document.
Quality services such as custom trips and outbound travel were among the most attractive targets for investors.
Gross bookings improved to $598.8 million in 3Q21 versus $213.0 million in 2Q21, reflecting an increase of 181.5% QoQ.
China offers flight refunds to curb travel; Homestay industry on track to recovery.
Branded properties accounted for only 5.6% of the alternative accommodation market, which was dominated by small- and medium-sized brands.
Ethan Lin, co-founder and CEO of Klook, said there is “no significant fluctuation in valuation”.
