Both Meituan and Mobike are backed by Chinese gaming and social media giant Tencent Holdings, whose CEO Pony Ma is said to have brokered the deal.
Ctrip has recently obtained an online car-hailing operating license, giving its independent car-booking services the right to offer service nationwide after three years of preparation.
Award ceremony to take place on May 16 at ITB China 2018 – presented in 5 categories – application just started.
Leaders to share insights at ITB China Conference include Ctrip chairman James Liang, Phocuswright founder Philip C. Wolf, and executives from China Tourism Academy, Wyndham Hotel Group, Fliggy, Tencent and Meituan.
Chinese group-buying services firm Meituan Dianping is reportedly in talks to buy bike sharing firm Mobike for $3.7 billion, according to Chinese media reports citing insiders.
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.
Mexico's government recognizes China as a major tourism market, with a still modest but growing number of Chinese visitors choosing to travel to Mexico as 74,300 in 2016, a 33.5 percent increase.
Fuel price, as an important factor affecting the profitability of airlines, sees different market forecasts and should draw a cautious attitude from airlines.
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