Meituan completes acquisition of travel search company Kuxun from Tripadvisor
China’s top group buy platform Meituan has just concluded its full acquisition of OTA Kuxun from TripAdvisor.
China’s top group buy platform Meituan has just concluded its full acquisition of meta search company Kuxun from TripAdvisor.
This acquisition will enable Meituan to leverage Kuxun’s wealth of online technical expertise to upgrade and improve its travel-related operations and data capabilities while offering higher quality service to its users and business partners via an advanced smart commercial system.
Meituan’s senior vice president and tourism hotel operations head Liang Chen said: “We are extremely pleased to welcome Kuxun, a leading Chinese travel site with years of experience in the field, to join the Meituan family. Its entry will boost the product technology capabilities of Meituan’s tourism hotel operations to offer more value to our consumers and partners in China.”
TripAdvisor’s APAC president Ms. Lily Cheng
TripAdvisor’s Asia-Pacific president Ms. Lily Cheng said: “We are thrilled to see TripAdvisor’s development in China and this transaction with Meituan is in line with our strategy for China that focuses on the rapid development of the outbound tourism market. We will continue to commit to strengthening our own position in China and we believe that Meituan is a suitable plaform for the Kuxun team and hope to have more opportunities to collaborate with Meituan in the future.”(Translation by David)