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Search results for “startup”
Airbnb-Backed Zeus’s Value Is Halved in New Funding Round
05/09/2020
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6:10:54 PM
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It’s worth about USD 15 million in equity and debt at a valuation of about USD 110 million.
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.
Amadeus invests in Asia Pacific technologies before they land in travel
01/22/2019
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9:36:05 AM
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Being heavily reliant on technologies to drive its growth, Amadeus sees both external startup incubating and internal pilot research crucial for long-term prosperity; but the company is not alone in this run.
OYO appoints CEO for its China unit
05/16/2020
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10:33:18 PM
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The China market generated USD 307 million in revenue for OYO in FY2019, but also posted a net loss of USD 197 million, accounting for nearly 60% of the company's total annual loss.
SoftBank-backed Getaround looks for a buyer as demand evaporates
04/07/2020
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4:57:55 PM
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Getaround and the broader car-sharing industry had been facing challenges even before the pandemic.
Activities booking unicorn Klook acquires car rental firm Huizhuche
04/02/2020
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3:26:04 PM
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A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
Behind GetYourGuide's strategy of zero bookings and zero layoffs
05/02/2020
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9:49:48 AM
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With the support of local government, they are making joint efforts with suppliers to survive.
Blockchain travel startup Atlas to raise $20 million for Shenzhen, Hangzhou launch
07/20/2018
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3:08:22 PM
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To build its platform, which will be developed in Shenzhen and Hangzhou, Atlas is looking to raise $20 million by selling 35% of its Atlas token supply.
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