Joint Wisdom, a hotel data specialist based in Beijing, reported that its operating revenue climbed 48.81% to RMB 86.72 million in 2016. The company cut its net loss attributable to stakeholders by 1.58% at RMB 66.12 million.
The company was listed on the New Third Board on May 18, 2016. According to its 2016 annual report, Ctrip holds a 69.9% stake in Joint Wisdom as the controlling shareholder. Alex Zheng, chairman of hotel operator Plateno Group, owns a 2.44% stake in the company. (Translated by Jerry)