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Search results for “Industry Subsidy”
Airlines swoop on China's tier 3-4 cities in search of growth
03/28/2019
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9:05:16 AM
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The upsurge is due to local authorities attracting carriers with subsidies and a jump in consumption by local residents at the same time.
The threat in Ctrip’s internationalization and the opportunity for travel startups
02/05/2019
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8:17:19 AM
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With competitive services, quality control and lower cost, the established players usually gain the greatest traction in user traffic and capital support, and will ultimately dominate the fragmented markets.
Airbnb lashes out at Marriott, intensifying clash with hotels
11/22/2017
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6:31:24 PM
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Recently Airbnb's head of public policy wrote to Marriott CEO, claiming hospitality's habit of taking money from taxpayers to subsidize the construction and operation of hotels.
Spring Airlines posts 28.42% slump in 2016 net profit
04/05/2017
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9:53:57 AM
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China’s biggest low-cost carrier reported a 28.42% fall in net profit for 2016. The airline also announced that its chairman Mr. Zhenghua Wang has stepped down and been replaced by his son and former president of the company, Mr. Yu Wang.
Chinese online booking giant Ctrip readies itself for global expansion
09/02/2016
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3:26:06 PM
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Ctrip wants to get more global so it can serve travelers outside of China while domestically it is taking profits from high-end hotel-room sales.
China mergers lead to fewer discounts on ride-sharing and travel
08/15/2016
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5:48:58 PM
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Mergers of Didi-Kuaidi, Meituan-Dianping, Ctrip-Qunar were all backed by at least one of the Baidu-Alibaba-Tencent (BAT), who have orchestrated mergers to staunch losses.
Ctrip gains from virtuous cycle in a category that continues to grow
09/02/2016
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11:47:07 PM
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Ctrip asserts the one-stop travel shopping model is suave, and the scale that can be achieved will be significant going forward.
Guangzhou says no subsidies on chauffeured apps
04/15/2016
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9:43:55 AM
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Major ride-sharing companies such as Didi and Uber are obeying transport officials in the southern city, reports say
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