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Futurestay announces $2.4M venture round

Futurestay announces $2.4M venture round

The company’s bookings have dropped by about 85% due to the COVID-19, but it continues to increase by about 3,000 properties per month.

05/07/2020|1:42:58 PM|Phocuswire
Intel acquires mobility app Moovit

Intel acquires mobility app Moovit

Moovit is a mobility-as-a-service platform that has more than 800 million users and services across 3,100 cities and 102 countries.

05/06/2020|3:01:41 PM|Phocuswire
Fosun Tourism's sales volume drops 15.9% in Q1

Fosun Tourism's sales volume drops 15.9% in Q1

Resort operation in the first two months grew 8% despite the COVID-19 outbreak since late January.

04/30/2020|11:11:07 AM|ChinaTravelNews
Apartment rental startup Frontdesk secures $6.8M in funding

Apartment rental startup Frontdesk secures $6.8M in funding

A third of its guests are business travelers, and the company plans to focus on expanding that share this year.

04/29/2020|11:30:37 AM|BTN
JD.com buys 7.4% stake in tourism company Caissa for $63.5 million

JD.com buys 7.4% stake in tourism company Caissa for $63.5 million

This investment also marks JD.com’s foray into the tourism industry, which is being hard hit by the COVID-19 pandemic.

04/28/2020|4:16:29 PM|KrASIA
B2B SaaS travel startup ITILITE bags $13 million for international expansion

B2B SaaS travel startup ITILITE bags $13 million for international expansion

ITILITE’s USP is the incentive program through which employees of its clients are rewarded for the savings they make for their company during travel.

04/20/2020|5:45:33 PM|Inc42
Fintech unicorn Airwallex snags $160M Series D funding for US, Europe expansion

Fintech unicorn Airwallex snags $160M Series D funding for US, Europe expansion

The Series D round took the total capital raised by Airwallex to over $360 million.

04/16/2020|3:28:10 PM|DealStreetAsia
PMS provider GreenCloud gets Trip.com Group investment

PMS provider GreenCloud gets Trip.com Group investment

All major PMS providers in China now have OTA investors following this deal.

04/16/2020|1:40:39 PM|ChinaTravelNews
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