Airlines posted combined losses of almost USD 4 billion in the first half and the recovery won’t be enough to put them into the black by year-end.
The USD 550 million Shanghai Legoland resort will be jointly developed by Shanghai's Jinshan district government, Merlin Entertainments, CMC Inc, and Kirkbi.
Aladdin Airlines will accelerate the digitalization of Xiamen International Airport and combine traditional airport services with community-based economics.
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.
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