State bank ICBC provides USD 14.5 billion in financing to cultural and tourism firms in Beijing; TravelSky processed 1,071.9 million transactions and 432.8 million BSP tickets last year.
The sale through Lvji's own APP contributed less than 1% of the company's total revenue.
Through the acquisition, Gather, already owned by Vista, will be merged with Tripleseat.
Meituan estimates negative year-over-year revenues growth and operating loss for the first quarter of 2020 due to the pandemic.
The capital will be distributed in financing and credit to these businesses for them to resume work.
The online travel company co-invested by Trip.com Group and Tencent reported over 205 million monthly active users; Hong Kong expects to see “zero visitors” for months.
The company expects net revenue to decrease by approximately 42% to 47% in Q1 due to coronavirus.
MakeMyTrip will immediately cancel all discretionary spending and suspend brand building expenses during the following quarter.
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