Shiji jumps after Ant Group invests $68.6 million in retail system unit; Chinese travel rebounds during holiday while spending still lags.
"Unlimited" flight-pass programs face online backlash; Jin Jiang's Louvre Hotels launches extended-stay hybrid in Europe and China.
Since December 31, 2020 and up to March 31, 2021, Trip.com Group has made or proposed to make investments in OTA, virtual bank, hotel management, car service and hotel.
The company said it managed to significantly reduce the pandemic impacts on business and ensure steady development.
TravelSky net profit plunges 85% in 2020; Tongcheng-Elong acquires a corporate travel firm.
State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name; Shanghai denies implementing mandatory registration for travelers to city.
In 2020, Jin Jiang had around 13% of its revenue from overseas markets, down from the 20% overseas share in 2019.
Aviation information technology service revenue represented 45.5% of the Group’s total revenue in Year 2020, as compared to 55.6% for Year 2019.