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Didi poses an existential threat to Uber with Mexico expansion
Didi Chuxing will reportedly make its ride-hailing services available in Mexico next year, a move that threatens Uber's growth in Latin America.
Alibaba-backed Paytm in talks to acquire B2B travel company Via.com
Digital payments major Paytm has entered into discussions to acquire online travel company Via.com. Paytm projected annualised GMV of $2 billion for its travel business by March.
Indian OTA Treebo raises $34 million from Hong Kong investors
Indian budget hotel booking platform Treebo has raised USD 34 million, backed by Hong Kong investment firms. It has nearly 300 franchisees operating under its brand across over 50 cities.
Budget hotel platform OYO launches asset management to trim losses
With losses of over USD 50.6 million in FY17, OYO launched asset management service to bring losses under control and enhance business growth.
Indian OYO cuts losses and spend, transforms business model
Though OYO Rooms' losses in the year to end-Dec16 were down on $50 million in 2016 compared with $77 million, it still remains in the red. Does it have what it takes to succeed for its transformation?
Didi Chuxing is "Definitely Going Global"
Didi Chuxing is looking to global expansion, American magazine Vanity Fair reported on October 20.
Alibaba, Ant Financial plans $400M investment in Didi
Alibaba Group with its affiliate Ant Financial plans to invest an additional US$400 million in China's largest ride share company Didi Chuxing
As Apple and others get emotional, where might travel fit in?
The news that Apple has recently acquired Emotient, a specialised company in artificial intelligence to help gauge how people are feeling from their facial expression, has struck on the technology industry and beyond that AI might be the next big thing to happen in the travel sector in 2016.
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