With a 14% equity interest and 19.6% voting power in eHi, Ctrip is again teaming up with Ocean Link, this time for the privatization of the car rental firm.
Teamsport Parent will acquire eHi in a deal that values eHi at USD 937.5 million. Ctrip held a 14% equity interest in eHi as of 2016 with aggregated investment cost of USD 107 million.
Ctrip has recently obtained an online car-hailing operating license, giving its independent car-booking services the right to offer service nationwide after three years of preparation.
The company is expecting revenues in excess of RMB 60 million in 2018 and RMB 100 million in 2019.
Sogou's AI-powered translation technology was developed through analysis of a significant volume of natural language interactions on Sogou's core platforms.
Guideline promotes 'all-for-one tourism,' allowing urban and rural residents to use their homes for tourist services.
The rollout comes after months of speculation about where the company would launch the service, as well as a potential price war with car-hailing leader Didi, which recently entered the food takeout space.
In 2017, Destination D.C.'s official account became the most followed among all U.S. destinations on WeChat.
ChinaTravelNews is a wholly owned subsidiary of
©2019 TravelDaily Inc.