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Activities booking unicorn Klook acquires car rental firm Huizhuche

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.

04/02/2020|3:26:04 PM|ChinaTravelNews

Business travel platform Helios secures $42 million for global expansion

Helios has provided business travel solutions to thousands of enterprises such as Trip.com Group, Didi Chuxing, and JD.com.

04/02/2020|3:13:04 PM|ChinaTravelNews

Travel e-commerce portal Ksher plans more fundraising this year after recent round

Ksher has expanded to 13 countries and increased its annual turnover from USD 1 million to USD 1 billion.

04/02/2020|3:08:01 PM|ChinaTravelNews

OTA giants respond to competition probe; Alibaba invests in travel tech firm | Daily Brief

TravelSky said it will weather coronavirus impacts in air travel without layoffs; Chinese embassy in UK is chartering a plane to bring home Chinese students.

04/02/2020|12:54:11 AM|ChinaTravelNews

Alibaba invests in Israeli travel tech firm Hotelmize

The Israel-based company is establishing its APAC headquarters in Hong Kong as a gateway to APAC and China.

04/01/2020|6:12:14 PM|ChinaTravelNews

China Southern’s net profit drops 10.5% while China Eastern's rose 18.8% in 2019

China Southern Airlines handled 152 million passengers last year, ranking first among China’s airlines for 41 consecutive years.

04/01/2020|4:48:59 PM|ChinaTravelNews

Trip.com-invested hotel brand collapses; Airbnb halts marketing to save $800M | Daily Brief

Airbnb will suspend all marketing activities in a move which will save USD 800 million a year; China saw a huge uptick in flight searches.

03/31/2020|11:25:59 PM|ChinaTravelNews

Meituan warns of pandemic-hit loss; Shanghai attractions close again | Daily Brief

State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.

03/31/2020|12:09:00 AM|ChinaTravelNews
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