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Alibaba acquires nearly 10% stake in Dufry, forms China joint venture

Alibaba acquires nearly 10% stake in Dufry, forms China joint venture

Dufry’s existing Chinese travel retail business will form part of the joint venture company, alongside Alibaba’s digital capabilities and Chinese network.

10/06/2020|11:40:50 PM|DFNI
Alibaba buys a 5% stake in tour operator Utour for $56.5 million

Alibaba buys a 5% stake in tour operator Utour for $56.5 million

Alibaba and Utour will cooperate on product supply, channel and branding, big data technology, payment and system solutions.

09/29/2020|11:06:08 PM|ChinaTravelNews
Travel experiences platform KKday raises $75 million in Series C round

Travel experiences platform KKday raises $75 million in Series C round

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.

09/29/2020|3:12:27 PM|ChinaTravelNews
Trip.com posts 64% revenue drop, sees full recovery in domestic flights, hotels bookings

Trip.com posts 64% revenue drop, sees full recovery in domestic flights, hotels bookings

The company records a strong recovery of China domestic businesses, offset by a steep decline of international businesses.

09/25/2020|6:54:07 AM|ChinaTravelNews
Alibaba may invest in Grab to bolster its business in Southeast Asia

Alibaba may invest in Grab to bolster its business in Southeast Asia

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.

09/16/2020|5:17:01 PM|BusinessInsider
Hotel giant Huazhu reports nearly 32% drop in Q2 revenue

Hotel giant Huazhu reports nearly 32% drop in Q2 revenue

Occupancy at Legacy Huazhu was 79% in July and 84% in August.

09/15/2020|2:25:45 AM|ChinaTravelNews
Sabre sees modest signs of recovery in July, August

Sabre sees modest signs of recovery in July, August

The strongest recovery has been in hotel bookings, with gross hotel central reservation system transactions down 55% in July and 50% in August.

09/03/2020|3:24:47 PM|ChinaTravelNews
Group that operates TWA hotel buys Chinese tech firm after president trump’s national security order

Group that operates TWA hotel buys Chinese tech firm after president trump’s national security order

MCR said it would invest $10 million over the next year in StayNTouch.

09/01/2020|3:25:33 PM|Skift
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