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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
MakeMyTrip gets $9.64 million amid coronavirus crisis

MakeMyTrip gets $9.64 million amid coronavirus crisis

MakeMyTrip has received the infusion in two tranches.

04/14/2020|2:07:07 PM|YourStory
AI travel assistant startup Eddy Travels closes €1.1 million pre-seed round

AI travel assistant startup Eddy Travels closes €1.1 million pre-seed round

Eddy Travels has increased its user base from 100,000 to nearly two million in a few months before the outbreak of coronavirus.

04/13/2020|1:47:07 PM|tech.eu
Major shareholders cut stakes in Trip.com Group

Major shareholders cut stakes in Trip.com Group

Baidu and Booking Holdings have both taken a step back and sold part of their stakes in the Chinese online travel giant.

04/12/2020|10:01:14 AM|ChinaTravelNews
Sawiris to acquire FTI Group, Europe’s third largest tour operator

Sawiris to acquire FTI Group, Europe’s third largest tour operator

FTI Group has services across 120 destinations in 6 source markets with over 70 own and managed hotels.

04/10/2020|1:55:39 PM|Egypt Independent
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