Search results for “financial”
Didi Chuxing suspends hotel and travel business with staff transfers and lay off
05/28/2019|5:51:38 PM|
Earlier this year, Didi was reported to have sustained steep losses of 10.9 billion yuan in 2018, and has been in the red for six years.
Booking funds Didi, Airbnb China names new president, Baidu and Alibaba vie for smart hotel
07/23/2018|1:56:10 PM|
Booking Holdings invested $500 million in China’s ride-hailing platform Didi Chuxing. Airbnb China appointed a local serial entrepreneur as its new president. WeChat Pay decided to focus on outbound Chinese tourists.
Smart hotel solution provider Systemteq lands million-dollar funding round
09/03/2018|3:10:53 PM|
The company works with Alibaba to create smart hotels.
B&B distribution service player AsapOne lands multi-million yuan in funding
08/10/2018|5:18:12 PM|
Unlike other B&B technology specialists in China, AsapOne targets homestay operation companies and individual property owners worldwide.
Sabre’ travel network revenue rose 7.3% to $774.0 million in Q1
05/01/2019|8:02:31 AM|
Operating income dropped 33.2%, driven by the increased technology operating expenses.
Tuniu-invested OTA Banma Trip receives another round of financing
12/12/2017|8:47:39 AM|
Online travel company Banma Trip has recently received an undisclosed amount in a new round of financing from Aurora Private Equity, following the May round of financing from Tuniu.com.
Tencent leads new funding in OYO, Chinese spends $45 billion to escape heat, and more
08/06/2018|11:58:59 AM|
Tencent Holdings is likely to inject $300-500 million into OYO Rooms. This summer, Chinese tourists will make about 500 million trips in July and August, and are expected to spend more than $45 billion.
IHG CEO: China is “second home market” and OTA is running hotels “to learn”
05/11/2019|10:52:22 PM|
Mr. Keith Barr is not that concerned on the Chinese hotel giants' international play.
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