The Priceline Group’s purchase of Momondo for USD 550 million represents the newly appointed Glenn Fogel’s opening strategic move since becoming CEO in January of this year.
Hostmaker, a business that helps Airbnb hosts manage their rentals, has raised Series A funding of USD 6.5 million.
Ctrip posted GMV of RMB 430 billion (USD 62.5 billion) in 2016 and the company wants to grow Skyscanner's contribution to Ctrip's international business from 10%-20% currently to one-third or even more in the future.
Ctrip reported net revenues of USD 2.8 billion in full year 2016, representing a 76% increase YoY. Accommodation reservation revenues rose 58% to USD 1.1 billion, accounting for 37% of the total revenues.
Travel agent lead-generation platform TripScope has sold to group travel startup Travefy.
Ecommerce is now dominated by personalization technologies, designed to match a customer to an offer or product as early and appropriately as possible.
MaiTao, an online service focusing on children learning and traveling experience, has raised RMB 70 million in its B round funding which had Fosun as the lead investor.
Meituan-Dianping kick-started an industrial fund, targeting to invest RMB 3 billion in the consumer sector. The funding sources include Meituan-Dianping, Tencent and New Hope Group.
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