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Lightspeed, Sequoia rake in $400m profit from OYO share sale

Lightspeed, Sequoia rake in $400m profit from OYO share sale

Lightspeed made a profit of about $250 million from the sale while executives at Sequoia have taken home around $150 million.

12/23/2019|5:43:55 PM|Deal Street Asia
Merger leaves Australia with powerhouse booking platform for events

Merger leaves Australia with powerhouse booking platform for events

The combined company has over 18,000 venues on the platform，currently serving over 5,000 businesses collectively.

12/23/2019|4:00:48 PM|Skift
Chatbot service provider TravelFlan completes $7 million funding

Chatbot service provider TravelFlan completes $7 million funding

TravelFlan claims to be working with 100-plus travel content and product suppliers including Klook, Marriot and Tuniu.

12/23/2019|10:26:23 AM|ChinaTravelNews
Vacasa acquires Resort Lodging Company

Vacasa acquires Resort Lodging Company

Resort Lodging Company's landlord partners will benefit from Vacasa’s dynamic pricing, marketing and booking expertise, and partnerships with top listing sites such as Airbnb and Booking.com.

12/20/2019|5:13:28 PM|HotelNewsResource
eMarketer lowers Airbnb’s share as competition heats up

eMarketer lowers Airbnb’s share as competition heats up

By 2023, Airbnb’s share will drop to 69.5%, but will still retain its market dominance.

12/20/2019|2:23:04 PM|eMarketer
HalalBooking raises $2.5 million

HalalBooking raises $2.5 million

The company hopes to achieve the $1 billion unicorn goal by 2024.

12/20/2019|11:50:19 AM|HalalBooking
China’s expanding tourism market creates more and better jobs

China’s expanding tourism market creates more and better jobs

The tourism industry has created an estimated number of 32,000 new employment positions in northwest China’s Xinjiang Uygur Autonomous Region in the first half of the current year.

12/20/2019|10:21:09 AM|eTN
PayPal completes GoPay acquisition in China

PayPal completes GoPay acquisition in China

The transaction was approved by the People’s Bank of China on September 30 and has now closed.

12/20/2019|10:14:49 AM|TechCrunch
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