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Search results for “merger”
Ctrip- and Tencent-invested Tongcheng merges with eLong, eyeing capital market
12/29/2017
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7:38:54 PM
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Tencent and Ctrip will become major shareholders of the new entity TongCheng-eLong. Ctrip co-founder James Liang will serve as co-chairman.
D-EDGE brings combined strengths to grow business
02/19/2019
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3:27:40 PM
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D-EDGE is the European No1 and World No3 hotel distribution technology provider in hospitality. It has support teams in over 100 countries across Europe and Asia.
Kakao acquires 28.9% stake in Tidesquare
03/21/2019
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11:56:57 AM
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Kakao’s decision to acquire stake was made to offer diverse travel related services on it current mobile messenger platform KakaoTalk.
Tencent/Ctrip-invested Tongcheng-eLong reaps $121 million in profit in H1 2018
11/10/2018
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12:23:05 PM
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The turnover of ticketing operations and accommodation bookings were $6.79 billion and $1.54 billion, respectively.
Booking Holdings holds 8% and Baidu holds 19% equity of Ctrip in 2018
03/18/2019
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10:21:45 AM
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Total revenues grew from RMB7.8 billion in 2014 to RMB31.1 billion (US$4.5 billion) in 2018, representing a compound annual growth rate of 41.4%.
Fliggy spearheading “Global Fun” as part of Alibaba’s globalization strategy
03/06/2019
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3:32:24 PM
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There is still much room for cross-brand synergy or consolidation under the umbrella of Alibaba.
Shiji Group acquires majority ownership of Hisense ICS
03/04/2019
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3:24:01 PM
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Through the acquisition of Hisense ICS, Shiji will be able to provide its hotel, catering, retail, and other industry customers with hardware that is closely integrated with Shiji’s products.
Accor rebrands and launches a new loyalty program
02/22/2019
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6:02:59 PM
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Accor spends $700 million a year on sales and marketing while Marriott spends $4 billion and Hilton more than $2.2 billion, Accor intends to catch up with what competitors spend.
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