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Booking sells $106M Trip.com stake; United may resume China flights | Daily Brief

The world's largest online travel group cut the stake in its Chinese counterpart by over 3 percentage points; Accor and Alibaba extend their strategic partnership.

04/07/2020|11:35:20 PM|ChinaTravelNews

Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review

Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.

04/04/2020|10:14:48 PM|ChinaTravelNews

Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief

An investment firm indirectly associated with Trip.com Group wants to privatize online classifieds marketplace 58.com; OYO's CEO will forego his salary for the rest of the year.

04/03/2020|11:02:25 PM|ChinaTravelNews

Trip.com-associated investor offers to privatize 58.com

Ocean Link plans to fund the transaction with equity capital and debt capital.

04/03/2020|1:31:00 PM|ChinaTravelNews

Klook buys car rental firm; Chinese airlines confident of ‘triumph’ | Daily Brief

Global mobile payment solution provider Ksher said it has secured millions of US dollars; China’s airlines see only a short-term hit from the coronavirus outbreak.

04/02/2020|11:56:53 PM|ChinaTravelNews

Activities booking unicorn Klook acquires car rental firm Huizhuche

A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.

04/02/2020|3:26:04 PM|ChinaTravelNews

Business travel platform Helios secures $42 million for global expansion

Helios has provided business travel solutions to thousands of enterprises such as Trip.com Group, Didi Chuxing, and JD.com.

04/02/2020|3:13:04 PM|ChinaTravelNews

Travel e-commerce portal Ksher plans more fundraising this year after recent round

Ksher has expanded to 13 countries and increased its annual turnover from USD 1 million to USD 1 billion.

04/02/2020|3:08:01 PM|ChinaTravelNews
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