This investment also marks JD.com’s foray into the tourism industry, which is being hard hit by the COVID-19 pandemic.
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.
The Series D round took the total capital raised by Airwallex to over $360 million.
All major PMS providers in China now have OTA investors following this deal.
MakeMyTrip has received the infusion in two tranches.
Eddy Travels has increased its user base from 100,000 to nearly two million in a few months before the outbreak of coronavirus.
Baidu and Booking Holdings have both taken a step back and sold part of their stakes in the Chinese online travel giant.
FTI Group has services across 120 destinations in 6 source markets with over 70 own and managed hotels.
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