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Ctrip embarks on hotel operation, Xiaozhu gets $300 million funding, and more

High-speed railway passenger volume increased by more than 50% year-on-year during China’s National Day holiday, Airbnb rival Xiaozhu has pocketed $300 million for beefing up security and services.

10/18/2018|8:22:02 AM|ChinaTravelNews

As airline merchandising evolves, how are OTAs upping the ante?

Every aspect of OTA business, right from analyzing the source of the traffic to what product to offer is becoming data-centric. The combination of cloud computing, data and analytics, machine learning etc. is set to pave way for insights that can help the likes of OTAs in their key decision-making.

10/22/2018|8:02:20 AM|ChinaTravelNews

Travel e-commerce portal Ksher picks up eight-digit funding from Sequoia

The company had raised an angel round funding from Japan’s Infinity Ventures Partners.

10/15/2018|2:41:21 PM|ChinaTravelNews

Microsoft accelerator member Showboom banks 20 million yuan for travel

Showboom Technology targets mid- to high-end outbound travelers with WiFi services, and it has launched travel phones and a mini-program.

10/11/2018|12:03:19 PM|ChinaTravelNews

China's Airbnb Xiaozhu.com lands nearly $300 million to enhance security and service

Jack Ma’s Yunfeng Capital and AdvanTech Capital were the lead investors, while GIC Private, Joy Capital, Morningside Venture Capital and Capital Today also joined the investment.

10/10/2018|11:15:13 AM|ChinaTravelNews

Tongcheng’s mass innovation unit injects multi-million yuan in incubated SIMTrip

SIMTrip is involved in the research and development of cross-border communications data technology. As of August, it has achieved over RMB 70 million in turnover, an increase of 130% year-on-year.

10/09/2018|3:45:39 PM|ChinaTravelNews

7m Chinese to peak National Day break, Meituan in-store, hotel & travel up 44.1% in revenue, and more

Around seven million Chinese are expected to travel abroad during the Golden Week. Meituan was listed in Hong Kong and reported a 10.6% rise in in-store, hotel and travel businesses GTV and 44.1% in revenue.

09/30/2018|1:16:38 PM|ChinaTravelNews

Airbnb counting on a blend of autonomy + global innovation in China

Airbnb is relying on razor-sharp product development backed by over 100 Chinese specialists and quality assessment of its listings to strengthen its operations in China, according to Airbnb’s Nathan Blecharczyk. The team has also interacted with China’s design community, meeting specialists from Didi Chuxing, Baidu etc. in the past year or so.

09/30/2018|9:28:28 PM|ChinaTravelNews
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