Shenzhen Huoli Tian Hui Technology, parent company of FlightManager, applied for a listing on the New Third Board.
Tuniu sold 46.5% more trips in third quarter of 2016 and narrowed down net loss from RMB 766.9 million in previous quarter to RMB 571.7 million this quarter.
Ctrip has joined a group of investors including Bank of Shanghai to set up ShangCheng Consumer Finance. The bank has finance expertise while the OTA can contribute online data.
Drifting away from intense competition in the domestic OTA market, Ctrip seems to have come a long way in a span of 18 months. The decision to acquire Skyscanner means Ctrip isn’t just a single market player anymore.
Ctrip announces the deal to acquire UK-based travel search site Skyscanner. The company reaped USD 4 million net income in Q3 2016, after previous quarter's net loss with Qunar's consolidated results.
Baidu Capital appointed Ctrip's former CSO Jenny Wu as its first managing partner. The company will form a dedicated travel industry fund with Ctrip.
Ctrip’s senior management announced in an internal letter that the company has merged with Qunar in their holiday units. Rumor of Ctrip buying Tuniu has been denied, meanwhile.
Ctrip appointed Jane Jie Sun as CEO and a director while chairman and former CEO James Jianzhang Liang will serve as executive chairman and focus on Ctrip's innovation and expansion strategies.
