Betterwood is developing as a lifestyle brand delivering diverse business values.
Xbed now has a total number of 3.7 million registered users.
The acquisition will broaden the reach of Oracle Hospitality’s cloud-based property management system.
VC firms have poured more than USD 80 billion into Asian travel and mobility tech startups from 2010 to 2019.
Distribution revenue came in at USD 105 million, a decline of 84% year-on-year while IT Solutions revenue was USD 132 million down 46% year-on-year.
Passengers boarded contracted by 63.0%, to 553.2 million for the first nine months of the year.
"The travel industry and the world still face a prolonged and bumpy path to recovery, with increasing COVID-19 cases and uncertainty around vaccine and therapeutic timelines."
Zhiketong targets to have clients’ total transaction value exceeding the RMB 100 billion (USD 14.97 billion) mark by 2025.
ChinaTravelNews is a wholly owned subsidiary of
©2020 TravelDaily Inc.