Zhiketong has raised nearly RMB 480 million in total since its incorporation in December 2014.
The acquisition marks BWHR's effort to simplify distribution for its hotels by making management of technology, revenue and customer relationship, reporting and connectivity simpler and easier.
U.S. competitors like Sonder and Lyric are operating a similar model and might also look into Europe, but "it is a very local game.”
Ctrip holds nearly half of the Indian online travel firm after this acquisition.
Net profit increased 1.4% to RMB 80.9 million.
The Global Class ships have been designed for the fast-growing Asian cruise market, which will see the largest increase in the number of middle-income households in the world over the next decade.
The circumstance may add another tailwind to the luxury market in Bangkok, where a tourism boom has put the city on the map for investors, especially mainland Chinese who have come in droves.
Marriott, IHG, Accor and Hilton will have a significant ownership stake of Groups360 and each brand will have representation on the board.
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