The deal will continue to see the latter exclude OYO’s rivals, SAIF Partners-backed Treebo Hotels and Accel India-backed FabHotels, from its two primary platforms, including GoIbibo.
Datalex was in advanced talks with IIU Nominees about a share subscription worth €3.9m.
Cities got wise to the “ask forgiveness, not permission” philosophy and cracked down this time around and started anointing winners market by market.
Airbnb is required to invest hugely in technology, personnel, know-how, B2B marketing and consumer advertising to better compete with giants such as Booking and Expedia .
MHR will partner with Ctrip’s membership programme, which will certify its properties as “Chinese Friendly Hotels” and enable them to benefit from Ctrip’s ranking system.
Guiddoo also plans to add new destinations in the Middle East and Africa to its portfolio to further attract the Chinese Market.
In 2018, Stateside Adventures tripled the number of enrolled students year on year. The gross profit margin was nearly 50%, and the operating revenue was about RMB 30 million.
The two additions enhance the initiative’s portfolio in areas such as mobile and AI and increase the Lab programme’s footprint at its technology development hubs in Barcelona and Bangkok.
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