Many entrepreneurs are leaving innovation hub Beijing Zhongguancun to join leading enterprises to start their business as an internal division.
Ctrip is partnering with Workday across all 17 of its overseas offices to support the global expansion plans.
Expedia’s first 20 years were all about traffic, the next 25 years about putting the A back in OTA—doing what the travel agent used to do.
"Some of the questions seemed to indicate that Airbnb was considering setting up an arrivals lounge in certain popular city centers," says a realtor who has been booking with Airbnb since 2013.
Shares of Ctrip have dropped $6 billion in valuation this year.
If GDP is growing 5%-6%, travel will be 8%-9%, and we will be double that.
C Teleport will use the investment for product development, getting closer to global flight coverage and, ultimately, to move into the general business travel market.
Traveloka has acquired three online travel agencies (OTAs) – Indonesia’s Pegipegi, Vietnam’s Mytour, and the Philippines’ Travelbook – for USD 66.8 million earlier this year.
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