Dufry’s existing Chinese travel retail business will form part of the joint venture company, alongside Alibaba’s digital capabilities and Chinese network.
Alibaba and Utour will cooperate on product supply, channel and branding, big data technology, payment and system solutions.
The new funding will be used to continue to expand in Asia and globally and to build out a new solution for travel operators and activity providers, Rezio.
The company records a strong recovery of China domestic businesses, offset by a steep decline of international businesses.
Working closely with Grab would enable Alibaba to strengthen its e-commerce operations in SEA and build a broader payments and commerce ecosystem, like WeChat Pay has in China.
Occupancy at Legacy Huazhu was 79% in July and 84% in August.
The strongest recovery has been in hotel bookings, with gross hotel central reservation system transactions down 55% in July and 50% in August.
MCR said it would invest $10 million over the next year in StayNTouch.
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