Even though it has the green light for this move, a share buyback now might worsen the firm’s financial condition.
The deal is subject to agreement on the final terms and to shareholder and regulatory approval.
Ctrip and GoUSA opened a theme store on May 18 in Dapuqiao, Shanghai.
By entering this partnership, HaoQiao shows its aim to reach global coverage with multi-product lines which already include accommodation, local tours and flight.
Wanda has signed a comprehensive strategic cooperation agreement with Chaozhou Municipal Government to cooperate on projects in culture, tourism, sports, film, TV, exhibition, and performing arts.
The New York-based company promises “tech-forward accommodations,” including a mobile app for check-ins and messaging with customer service.
Five airline brands, two hotel brands, and two travel agency brands appeared in the 2019 BrandZ China Top 100 ranking.
Corporate travel is on the rise in the region, but people are doing it differently.
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