Qunar co-founder and early-stage startup investor Fritz Demopoulos said that startups in China need 10-year “commitment” to succeed.
Swidish IT provider Hoist Group acquires Ireland Paragon Systems targeting the hospitality sector in the UK and Ireland with technology including PMS (HotSoft) and point-of-sale tools.
Ctrip’s globalization should focus on its supply chain, brand and innovative research and development, chairman James Jianzhang Liang said.
CVC Capital Partners is to acquire Sweden OTA Etraveli for Euro 508 million which has 12 brands and fulfils over €2 billion in transactions annually across almost 50 countries.
From technology platforms and customer online behaviors to how consumers shop in digital marketplaces, China has evolved on its own.
Priceline CEO Glenn D. Fogel believes that price is still incredibly important in China's OTA market. The key of setting up a brand in China is to understand ecosystems – Baidu, Alibaba and Tencent.
Airbnb is to buy background-check startup Trooly to control scams and to protect its guests and hosts from bad actors. Trooly Trooly’s technology could help Airbnb track various customer violations.
Airbnb China’s vice president and public policy head Li An said that the firm will continue to focus on C2C model and emphasize quality rather than quantity in property listings.
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