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Hotel PMS firm raises $14 million; China accused of blocking US flights | Daily Brief
05/25/2020
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11:20:13 PM
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Car-hailing giant Didi started an international travel agency; Meituan recorded 45.5% fewer room nights due to pandemic impact.
B&B brand Sweetome begins independent operation backed by Poly Capital
03/29/2018
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8:41:42 AM
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Customized B&B brand Sweetome Group has announced its core strategy of “sharing accommodation” and the completion of a new round of financing backed by real estate conglomerate Poly Capital.
Activities booking unicorn Klook acquires car rental firm Huizhuche
04/02/2020
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3:26:04 PM
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A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review
04/04/2020
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10:14:48 PM
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Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.
Boutique B&B brand Short Stay Technology raises multi-million-dollar financing
03/20/2018
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9:18:47 AM
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Short Stay Technology, founded by Qyer former COO, has recently secured millions of dollars in funding. It will further develop housing source to expand in major tourist cities in Japan.
Alibaba-invested repricing startup Hotelmize eyes expansion in China and Asia
04/29/2020
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9:56:10 AM
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While saving costs for travel companies means cutting hotels’ profits, Hotelmize said hotels will need to improve pricing methods.
Business travel platform Helios secures $42 million for global expansion
04/02/2020
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3:13:04 PM
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Helios has provided business travel solutions to thousands of enterprises such as Trip.com Group, Didi Chuxing, and JD.com.
B2B SaaS travel startup ITILITE bags $13 million for international expansion
04/20/2020
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5:45:33 PM
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ITILITE’s USP is the incentive program through which employees of its clients are rewarded for the savings they make for their company during travel.
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