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Sino-US travel hit by trade war, Tencent to buy $400m stake in Meituan IPO, and more

Chinese tourists to Russia increased by 150% in January-July 2018. Weekly travel bookings from China to the US dropped by 8.4%. Meituan is to go public in Hong Kong on Sept. 20, and Tencent plans to buy $400 million worth of shares in the IPO.

09/03/2018|10:51:01 AM|ChinaTravelNews

Membership consumer service Black Fish raises $50 million in Series A+ round

Taking a cue from the business models of American Express and Costco, Black Fish builds its own membership system and provides finance, tourism and merchandise services to its registered members.

08/27/2018|10:29:11 AM|ChinaTravelNews

Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more

Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.

08/19/2018|3:54:23 PM|ChinaTravelNews

Fliggy joins hundred-million-yuan funding in intercity transport service firm Bus365

Bus365 can better reach the 500 million users of Alibaba’s C2C branch Taobao with its offline outlets, and connect with the air and train tickets, hotels and vacation packages on Fliggy.

08/13/2018|5:00:59 PM|ChinaTravelNews

Cutting down on payment-related fraud via machine learning and AI

Travel merchants need to do away with outdated antifraud technologies that cause high false positive rate. That’s why companies are being recommended to go for real-time machine learning.

08/15/2018|7:52:49 AM|ChinaTravelNews

B&B distribution service player AsapOne lands multi-million yuan in funding

Unlike other B&B technology specialists in China, AsapOne targets homestay operation companies and individual property owners worldwide.

08/10/2018|5:18:12 PM|ChinaTravelNews

Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more

Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.

08/06/2018|11:58:59 AM|ChinaTravelNews

Click Travel receives multimillion pound injection amid "endless opportunities"

Gross sales of Click Travel in 2017 reached £205 million, turnover growth of more than 30% year-on-year for four consecutive years.

07/31/2018|2:20:22 PM|PhocusWire
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