The company claimed that it is "China’s largest online intelligent tour guide provider with a 86.2% market share" in gross merchandise value in 2018, citing data from a Frost & Sullivan Report.
The proceeds will be used for expanding its property portfolio in core cities, brand building and developing its technology platform.
Accommodation reservation revenue climbed 21% to RMB 3.4 billion (US$497 million) and transportation ticketing revenue increased 13% to RMB3.4 billion (US$496 million).
Air China owns 29.99% of Cathay Pacific, the maximum a single party can own of a publicly listed company in Hong Kong, while Cathay Pacific owns 18.13% of Air China.
Knowland indicates that Groups360 will certainly put additional price pressure on the Brands themselves by focusing on yet another indirect price-driven sales tool.
The latest round of funding will allow Howsy to expand its team and make a number of acquisitions.
Despite being bootstrapped since its founding in 2015, Hotel Engine has experienced 300% growth year-over-year and is now valued at over $150 million.
Leading investor A/O and Fornova have formed a design partnership which will see Fornova’s Hotels BI platform put into A/O’s portfolio of 150 hotels.
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