Domestic OTAs have been engaged in a cut-throat battle over the past few years. Foreign OTAs have room for growth, but they need to move assiduously.
After signing a spate of deals in 2015, Ctrip is eyeing a better grip of the Chinese travel e-commerce business, a complex, fragmented marketplace.
Ctrip’s decision to invest in MakeMyTrip is just one example of how Chinese companies, led by Alibaba, are pursuing ways to be a part of growth story in India.
HNA eKing Technology has invested RMB38 million to acquire Guangzhou- based business intelligence service High Jet.
Visa application specialist and OTA Baicheng recently completed a VIE disassembly and will return to the Chinese capital market to list on the New Third Board.
Meituan-Dianping has quietly launched air ticketing service online to add to the earlier release of hotel booking functions.
Boutique travel website Zanadu announced it received over RMB80 million in its A+ financing round, in which IT giant Tencent is the lead investor.
Meituan-Dianping has already raised US$2.8 billion in financing as of mid-December this year through the issuance of Class B shares.
