Search results for “IPO”
Expedia-backed OTA Despegar raises $254 million from IPO
Despegar‘s Q3 2017 financials saw it increase revenues by 24% to $131.5 million, gross bookings up 32%, and packages, hotels, and other travel products made up 55% of the total revenue.
Hotel group GreenTree springs into IPO action
GreenTree, one of China’s largest hotel franchises, intends to put down further roots in the US, though this time through an IPO in New York worth up to USD 600.00 million, Caixin reported.
Airbnb doubles revenue to $1 billion in Q3, eyeing IPO next year
Airbnb first became profitable during the second half of 2016. Airbnb Chief Executive Officer Brian Chesky has said his company would be ready to file for an IPO next year.
Rumors on Meituan-Dianping’s $3 billion IPO in 2018 denied
Reuters reported on Tuesday that China’s Meituan-Dianping may hold an IPO in the US as soon as next year to raise at least $3 billion, only to be denied by Wang Xing, CEO of Meituan-Dianping.
ChinaTravelNews Briefing: Ctrip buys stake in Boom Supersonic, Alibaba works with Xiaozhu
Ctrip invested in supersonic airplane developer Boom, launched a travel content platform, and teamed up with AccorHotels; Alibaba partnered with Xiaozhu, and rolled out a new booking portal with Marriott.
ChinaTravelNews Briefing: Tencent vies for railway WiFi service, Meituan denies funding and more
Both Tencent and Alibaba are eyeing a stake in Bullet Train Networks, Ctrip joins a consortium in a bid for car rental firm eHi’s privatization, and more in this week’s Briefing.
Meituan’s big ambition: To become Amazon for services
Meituan says about 90% of its user traffic comes through its own app, which significantly lowers the cost of getting its current customers to try new services.
Airbnb has lost its soul - Accorhotels CEO
Accorhotels CEO Bazin thought that Airbnb had lost its soul and became volume driven rather than emotion driven.
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