If completed, the investment would likely be in the $100 million to $200 million range.
The stereotype of business class flights to three-martini client lunches are fading, replaced by a new class of corporate travellers who value productivity and flexibility above all else.
Vntrip has raised a total of $13 million in funding over 3 rounds.
Total revenues grew from RMB7.8 billion in 2014 to RMB31.1 billion (US$4.5 billion) in 2018, representing a compound annual growth rate of 41.4%.
Gross profit increased by 86.4% from RMB2,830.3 million in 2017 to RMB5,276.0 million in 2018. Adjusted EBITDA increased from RMB746.3 million in 2017 to RMB2,073 million in 2018.
Simple experiences that mean convenience and control for shoppers are welcome. But they also mean a bigger threat as far as fraudulent transactions and account takeover are concerned.
This kind of aesthetically-motivated travel is clearly appealing to some travelers, but can be pretty annoying to locals.
Expedia Group accounted for the highest amount at $5.68 billion, Booking Holdings came in at $4.96 billion.
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