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Mafengwo raises $250m in D+ round funding led by Tencent

Mafengwo will use the capital to build a new one-stop travel service platform driven by AI and data algorithms catering to young Chinese travelers.

05/23/2019|6:11:14 PM|ChinaTravelNews

Meituan reports 43.2% rise in in-store, hotel & travel businesses revenue in Q1

GTV of the in-store, hotel & travel businesses grew by 15.1% to RMB46.4 billion in the three months ended March 31, 2019.

05/23/2019|5:22:19 PM|Meituan

MakeMyTrip revenue and bookings up more than 25%, operating losses down more

The execution of our strategies has allowed us to improve on our market share and drive strong growth rates across gross bookings, adjusted revenue and standalone hotels online room nights.

05/22/2019|2:26:58 PM|Phocuswire

Chinese travel companies show penchant for embracing cloud services

Cloud is a force to reckon with. Chinese travel companies in their endeavour to embrace agile transformation for the digital era are making progress on this count.

05/21/2019|6:18:00 PM|ChinaTravelNews

Are Chinese carriers ready for "real" interlining?

Real interlining, as operated by a group of carriers in the Asia Pacific region, is about B2C distribution. As a technology company associated with this concept, Air Black Box indicates that there are two challenges that Chinese airlines need to overcome to make it a possibility.

05/17/2019|12:02:15 PM|ChinaTravelNews

Meituan scales up core "eating" business, and along with it hotel bookings too!

As the superapp's stickiness grows, one of its investors, Booking Holdings, believes that Meituan is going to act as a vital entry point for outbound travel as well.

05/16/2019|10:02:44 AM|ChinaTravelNews

"Ctrip is not a traditional company": CEO Jane Sun

The group asserts that in addition to being a "hi-tech" company, and its focus on expanding the product list and reach, one of Ctrip's biggest strengths lies in being reliable.

05/15/2019|3:00:47 PM|ChinaTravelNews

Car rental service provider ZuzuChe.com picks up multi-million funding

This round of financing will be used to expand overseas market, improve customer experience and increase the R&D investment for setting up branches equipped with multi-lingual support in different countries.

05/14/2019|10:18:38 AM|ChinaTravelNews
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