Search results for “business expansion”
Booking funds Didi, Airbnb China names new president, Baidu and Alibaba vie for smart hotel
07/23/2018|1:56:10 PM|
Booking Holdings invested $500 million in China’s ride-hailing platform Didi Chuxing. Airbnb China appointed a local serial entrepreneur as its new president. WeChat Pay decided to focus on outbound Chinese tourists.
A fascinating tussle brews for outbound hotel distribution pie in China
07/13/2018|8:03:20 AM|
The battle to target a bigger pie of the outbound business featuring travelers from lower-tier cities in China is getting intense.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
08/06/2018|11:58:59 AM|
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
Ctrip launches “YiQiZhuang” to power financing for small- and mid-size hotels
07/19/2018|9:00:18 AM|
Any qualified hotel is able to directly apply for “YiQiZhuang” loan from Ctrip.
Tour operator Xband secures 63.5 million yuan, backed by CYTS fund group
04/03/2018|8:44:56 AM|
After the latest capital injection, Xband Club plans to expand its homestay business to build an inventory of 10,000 guest rooms in five years.
B&B distribution service player AsapOne lands multi-million yuan in funding
08/10/2018|5:18:12 PM|
Unlike other B&B technology specialists in China, AsapOne targets homestay operation companies and individual property owners worldwide.
Tujia COO: Collaboration with Airbnb being mooted for synergy
03/13/2018|8:22:45 AM|
Tujia has seen the possibility to work with Airbnb. “It is quite worthwhile to explore cooperation in shared inventories, room status and even the promotion of the legalization of global B & B business."
Hotel cloud-computing firm Titan completes C round financing
06/28/2018|10:16:14 AM|
Chinese hotel cloud-computing service firm Titan received around USD 15 million in its series C round funding. The company will use the proceeds to double down on technological innovation and business expansion.
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