Ctrip has acquired US travel booking platform Trip.com (formerly Gogobot). It’s worth noting whether the search functions of Trip.com will be merged with Skyscanner’s.
Xiaozhu has been operational online with clear transaction scale and business model, and the possibility of going public is becoming clearer, though no timetable has yet been set.
Chinese hotel system provider Beijing Shiji Information announces a framework agreement to sell shares of its fully-owned retail subsidiary to Alibaba Investment.
Via.com handles 24.5 million transactions a year and claims to have seen a compound annual growth rate of 45% over the past three years.
Ctrip's net revenue rose 42% to RMB 7.9 billion in the third quarter of 2017. Air tickets sold by the company's international unit continued to grow at a triple-digit percentage rate.
China’s largest online travel agency, Ctrip, has acquired Trip.com, the travel recommendation service founded and led by Travis Katz.
Chinese house-sharing platform Xiaozhu.com raised $120 million in its latest financing round backed by Alibaba founder Jack Ma's Yunfeng Capital, making it a billion-dollar unicorn startup.
Shortly before the opening of the 19th CPC National Congress, the Chinese government announced an ambitious Five-year Plan for the inflight internet to be completed by 2022.
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