HNA Group is in talks to buy a controlling stake in E-commerce China Dangdang in a deal that could value the online marketplace at over $1 billion, two people with direct knowledge told Reuters.
Expedia CEO pointed out a new strategy that highlights more internal expansion than inorganic growth, looking to become locally relevant on a global basis.
It's been a year since Airbnb launched Trips. Its CEO emphasizes more quality control than expansion, and wants it to be another business that can stand alongside homes.
In the first three quarters of 2017, UTour generated RMB 9.224 billion in operating income, and net profit attributable to shareholders was RMB 182 million, down 13.79% year on year.
Alipay got together with JPMorgan Chase in a bid to bring the mobile payment system to the full slate of Chase merchant clients out there.
Finnair announced a strategic partnership with China's e-commerce giant JD.com in Beijing, becoming the first foreign airline on the online platform.
Expedia reported gross bookings of USD 22.2 billion in the third quarter of 2017. Revenue increased 15% YoY to USD 3 billion, of which HomeAway took up USD 305 million, a 45% rise.
Travelzoo reported revenue of $24.7 million and operating profit of $18,000 for the third quarter of 2017. In constant currencies, revenue decreased by 9% year-over-year.
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