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Search results for “merger”
ChinaTravelNews annual roundup: Major events of year 2017
12/18/2017
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2:15:13 PM
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In 2017, the World Tourism Alliance was set up, ITB debuted in Shanghai, China banned tours to S. Korea, Priceline invested in Meituan to compete with Ctrip, and local home-sharing is on the rise while Airbnb is slow to localize...
HKCTS vows to avoid horizontal competition with CITS
10/02/2016
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11:15:44 AM
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CTS Group, a new company formed of the HKCTS-CITS merger, announced in a recent commitment letter that it plans to avoid horizontal competition with its fully-own subsidiary CITS.
Latin America travel unicorn Despegar is hunting but could be hunted too
01/02/2018
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6:20:26 PM
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Despegar raised $332 million in 3 months. As of the end of 2017, the markets placed Despegar’s valuation at $1.86 billion.
Marriott and Starwood sign amended merger agreement valued at $13.6 billion
03/22/2016
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11:09:50 AM
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Starwood decided that improved offer at $13.6 billion from Marriott is superior compared to previous proposal led by Anbang consortium at $13.2 billion.
ChinaTravelNews Briefing: Booking’s reinvention, Mafengwo’s funding and more
12/25/2017
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3:07:29 PM
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We join the dots of the events that took place in the past two weeks to offer insights into the Chinese tourists, travel startup funding rounds, major OTAs and internet giants’ technology solutions in China.
UCAR looks to take on Didi with inclusive car services
12/19/2017
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9:27:35 AM
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Beijing-based UCAR Inc is setting up a comprehensive car service platform as part of a strategic upgrade, hoping to better compete with other market leaders such as Didi Chuxing.
ITB Asia: Connecting global tourism brands and Chinese millennials
11/01/2017
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2:44:01 PM
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About 150 executives from Ctrip, Meituan Travel, Shiji, Maritim Hotels, Hotelbeds, Saber, Yearth Group and other enterprises have shared insights into Chinese outbound tourism and marketing technologies.
Mobike, Ofo in talks to merge China's biggest bike-sharing startups
10/09/2017
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11:38:31 AM
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Mobike and Ofo are in early talks to push China’s two largest bike-sharing startups into a merger, aimed at ending a costly competitive battle and creating a single dominant player in the business.
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