Following this launch, Ctrip plans to make Renfe’s offer available on mobile, through the new Ctrip application TrainPal.
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%.
Simple experiences that mean convenience and control for shoppers are welcome. But they also mean a bigger threat as far as fraudulent transactions and account takeover are concerned.
In 2018, Stateside Adventures tripled the number of enrolled students year on year. The gross profit margin was nearly 50%, and the operating revenue was about RMB 30 million.
Japan is the fastest growing tourist destination for Chinese travellers and is already one of the largest destinations of Thomas Cook China’s outbound business.
Spending by international visitors in the US dropped nearly 1% largely due to stagnating visitor arrivals from China; OYO China CFO said that the firm will think through profitability models in China.
GreenTree said that "there will be potential collaboration opportunities between the two companies" in the mid-scale to upscale hotel segment.
There is still much room for cross-brand synergy or consolidation under the umbrella of Alibaba.