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.
"Unlimited" flight-pass programs face online backlash; Jin Jiang's Louvre Hotels launches extended-stay hybrid in Europe and China.
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.
Louvre Hotels Group’s first two Tulip Residences will open this summer at Joinville-le-Pont in France and Warsaw in Poland.
The recovery of both jobs and business really depends on demand recovery, which is driven by consumer confidence.
The company said it managed to significantly reduce the pandemic impacts on business and ensure steady development.
TravelSky net profit plunges 85% in 2020; Tongcheng-Elong acquires a corporate travel firm.
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.
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