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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.
Business travel platform Helios secures $42 million for global expansion
04/02/2020
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3:13:04 PM
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Helios has provided business travel solutions to thousands of enterprises such as Trip.com Group, Didi Chuxing, and JD.com.
Franchise hotel chain Qingzhu secures tens of millions of dollars
03/19/2020
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2:28:16 PM
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The platform has over 3,000 hotels, mainly in provincial capitals, available for booking.
Alibaba-backed outbound travel agency to liquidate amid coronavirus outbreak
03/03/2020
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1:28:03 PM
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The company has been facing financial troubles since the second half of 2019.
Local, global travel firms join fight against coronavirus outbreak - Virus Updates
02/03/2020
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3:13:07 PM
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Some 271 hotels in Wuhan and 47 hotels in nearby areas have so far provided 6,056 medical workers with over 40,000 room nights of free accommodation.
Cultural travel operator Xband Club secures RMB 200 million in series B funding
02/24/2020
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6:35:00 PM
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The company announced business suspension 33 days before the new financing was announced. It has adopted a series of major measures to deal with the coronavirus outbreak.
Expedia suspends travel listings from mainland China amid coronavirus outbreak
02/20/2020
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9:53:35 PM
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Expedia has informed its suppliers via email that it will suspend the sale of all mainland China-based products, ground transportation and tours.
OTA seeks $1.2 billion loan, tourism slowdown spreads in Asia | Daily Brief
02/15/2020
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12:54:56 AM
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Travel advisers projected 10%-15% off in the $45.6 billion global cruise industry, major Chinese park operator warned of epidemic impact on $320 million asset-backed notes.
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