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OTA giant invests in PMS provider; payment startup raises $160M | Daily Brief
04/16/2020|6:24:56 PM|
Hundreds of hotels in Wuhan call for government aid after voluntarily providing free rooms to medical workers battling coronavirus; Cathay Pacific carried 90% fewer passengers in March.
PMS provider GreenCloud gets Trip.com Group investment
04/16/2020|1:40:39 PM|
All major PMS providers in China now have OTA investors following this deal.
Trip.com Group to accelerate growth through hotel, air and vacations
11/05/2019|9:23:49 AM|
The Group anticipates that the risks of uncertainties in certain regions can be mitigated, given the Group’s wide range of destination products and expansion to global markets.
Travel companies turn to live streaming and advance purchase for recovery
04/13/2020|2:43:20 PM|
Advance purchases may not be just a provisional measure during epidemic but a regular project that will stay.
Trip.com-associated investor offers to privatize 58.com
04/03/2020|1:31:00 PM|
Ocean Link plans to fund the transaction with equity capital and debt capital.
Trustdata: Hotel room nights in China grow to 806 million in 2019
04/10/2020|10:38:40 PM|
Domestic hotel room nights sold through online booking channels increased 26.7% year on year in 2019.
Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief
03/31/2020|12:09:00 AM|
State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.
Activities booking unicorn Klook acquires car rental firm Huizhuche
04/02/2020|3:26:04 PM|
A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
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