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Search results for “cash flow”
Despite having big-name backers, these Chinese firms didn’t survive COVID-19
04/22/2020
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3:56:12 PM
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Wujiang Hotels backed by Trip.com Group and Alibaba-invested outbound travel agency Baicheng collapse during the epidemic.
Tencent-invested Meituan registers 110 million room nights in Q4
03/30/2020
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6:29:26 PM
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Meituan estimates negative year-over-year revenues growth and operating loss for the first quarter of 2020 due to the pandemic.
What’s next for Trip.com Group as coronavirus crisis subsides in China?
04/02/2020
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2:56:14 PM
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CEO Jane Sun said the company needs to provide the travel service in a very safe and methodical way when a lot of people would like to travel after being locked down for two months.
Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief
03/31/2020
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11:25:59 PM
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Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.
Coronavirus: Can domestic travel alone buoy Chinese aviation?
03/31/2020
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7:15:28 PM
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For the industry to stage a full recovery, it would also require international travel to be fully restored, which might take months yet.
Airbnb makes prepayments to help landlords in China
03/31/2020
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6:48:41 PM
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Landlords usually receive payment one working day after a tenant moves in, but Airbnb will pay half of the amount due in advance.
Hotel giant OYO looks to rewrite contracts that fueled its rise
03/30/2020
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6:38:14 PM
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OYO is ending the practice of minimum guarantees and instead is rolling out new contracts to raise fees charged to the hotels.
China's travel industry bracing for $430 billion losses for 2020
02/14/2020
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11:27:31 AM
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Travel volume during this year’s seven-day Lunar New Year period plummeted nearly 63.9% to just 152 million.
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