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Shiji jumps after Ant Group invests $68.6 million in retail system unit Sixun

Shiji jumps after Ant Group invests $68.6 million in retail system unit Sixun

Alibaba acquired 13 percent of Shiji IT's shares for RMB 2.4 billion (USD 370 million) in 2014 to become its second-largest shareholder.

04/07/2021|3:56:30 PM|Yicai
Trip.com reveals more investments; China plans Beijing-Taipei Expressway | Daily Brief

Trip.com reveals more investments; China plans Beijing-Taipei Expressway | Daily Brief

"Unlimited" flight-pass programs face online backlash; Jin Jiang's Louvre Hotels launches extended-stay hybrid in Europe and China.

04/06/2021|11:45:05 PM|ChinaTravelNews
Trip.com Group reveals more investments in filing for second listing

Trip.com Group reveals more investments in filing for second listing

Since December 31, 2020 and up to March 31, 2021, Trip.com Group has made or proposed to make investments in OTA, virtual bank, hotel management, car service and hotel.

04/07/2021|8:23:49 AM|Jerry Tang, ChinaTravelNews
Louvre launches extended-stay hybrid in Europe

Louvre launches extended-stay hybrid in Europe

Louvre Hotels Group’s first two Tulip Residences will open this summer at Joinville-le-Pont in France and Warsaw in Poland.

04/06/2021|7:08:35 PM|HOTELSMag
Marriott CEO Capuano: “significant acceleration in demand”

Marriott CEO Capuano: “significant acceleration in demand”

The recovery of both jobs and business really depends on demand recovery, which is driven by consumer confidence.

04/06/2021|5:03:22 PM|HOTELS
DidaTravel raises funding from Alibaba, accelerates digitalization and globalization

DidaTravel raises funding from Alibaba, accelerates digitalization and globalization

The company said it managed to significantly reduce the pandemic impacts on business and ensure steady development.

04/07/2021|7:55:03 AM|ChinaTravelNews
OTA rolls out travel marketing hub; Alibaba, Hilton integrate membership | Weekly Review

OTA rolls out travel marketing hub; Alibaba, Hilton integrate membership | Weekly Review

TravelSky net profit plunges 85% in 2020; Tongcheng-Elong acquires a corporate travel firm.

04/04/2021|11:24:18 PM|ChinaTravelNews
Shanghai to announce vaccination for foreigners; Taiwan train crash kills 51 | Daily Brief

Shanghai to announce vaccination for foreigners; Taiwan train crash kills 51 | Daily Brief

State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name; Shanghai denies implementing mandatory registration for travelers to city.

04/03/2021|12:29:21 AM|ChinaTravelNews
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