Ctrip Group’s Oasis Lab, the largest travel innovation hub in Asia, signed a strategic partnership with Plug and Play, a Silicon Valley-based global innovation platform for startups, corporations and investors, aiming to support innovation in the travel industry.
As Plug and Play’s first global partner in the travel vertical, Ctrip will play an active role in Plug and Play’s ecosystem worldwide and will contribute to the technology focus areas of Plug and Play’s Travel & Hospitality platform particularly in China. These include Artificial Intelligence, Machine Learning, Big Data Analytics, Natural Language Processing, Augmented Reality, Virtual Reality, Internet of Things, etc.
Through its collaboration with Plug and Play, Ctrip will gain immediate access to the largest corporate innovation platform in the world, comprised of promising early and late stage startups from around the globe, bringing product, process and business model innovation to the travel and hospitality industry. As an official partner of Plug and Play’s open innovation ecosystem, Ctrip will share insights and draw inspiration through collaboration with renowned corporations from various industries.
The strategic partnership between Ctrip and Plug and Play will also create a new sourcing channel for Ctrip’s Oasis Lab to invest in early-stage startups. Plug and Play was cited by Silicon Valley Business Journal as the most active investor over the past two years with 262 investments in 2017, of which 162 were made in North America. Prior to Ctrip, Plug and Play Travel & Hospitality already partnered with 24 corporations across sectors such as airports, hotels, online travel agencies and travel management companies.
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