The company that runs 1,300km section of line between the two key cities is more profitable than Apple, with net profit hits RMB 9.5 billion in first nine months of 2019, representing a 38% margin.
Around 1.73 billion passenger trips were made on bullet trains from January to September, up 15.3 percent year on year.
TrainPal focuses on international train ticketing, which is a great supplement to other travel-related products on Ctrip all-in-one platform as general interest in "Train + X" tourism increases.
Ctrip’s target customers include Asian travelers visiting Europe and Europeans visiting Asia.
Didi orders to airports and railway stations increased sharply. Harbin demonstrated the most stunning results among provincial capitals with an almost 50% increase year-on-year.
SeaLink plans to partly fund the acquisition by raising A$154 million through a placement and an entitlement offer.
The two services have been under pressure to reform their offerings, as low-cost players like Flixtrain enter the continental market.
Buses are still an offline industry in those countries with online booking currently representing 10% of all tickets.
ChinaTravelNews is a wholly owned subsidiary of
©2019 TravelDaily Inc.