The deal is a “strategic one” for one of the world’s largest fleet management companies.
The company plans to raise USD 500 million by offering 50 million units at USD 10.
Disney is to cut a significant number of jobs in Hong Kong over the coming months; Trip.com Group to sell trips to South Korea in live streaming show.
The combination of the investment and the credit agreement amendment will strengthen its financial profile.
Foreign hotel companies are setting up their flagship stores on Ctrip and Fliggy, and looking at them as a way to let locals shop in a way they are accustomed to.
Mr. Siew served as Airbnb's interim head of China in 2017 as Mr. Hong Ge, the company's China chief at the time, resigned after allegations about inappropriate personal relationship.
Tuniu has not been profitable for the past six years as a public company. As of June 26 this year, the company's market capitalization was around USD 140 million.
Airbnb said 95% of its listings in Amsterdam were outside the banned zone.
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