Revenues from in-store, hotel & travel were RMB 3.09 billion (USD 434 million) in the first quarter, 31.1% less than last year.
This is not the first time Didi has set foot in the tourism industry.
Although programmatic ad spend reports sharp drop, many brands are still viewing the pandemic as an opportunity.
GreenCloud is stepping up efforts in the culture tourism front.
OYO has finally appointed a CEO for its China unit; The world's top 50 hotel brands are losing USD 14 billion in value.
The hotel sector is heavily impacted by COVID-19 and brands could lose up to USD 14 billion of cumulative brand value; China dismisses suspending applications for private passports as a rumor.
Trip.com Group may have decided that it was easier to acquire Travix, which has loyal customers in niche segments, than to compete with Travix via its Trip brand.
Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.
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