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Chinese car rental firm eHi enters into definitive merger deal
Teamsport Parent will acquire eHi in a deal that values eHi at USD 937.5 million. Ctrip held a 14% equity interest in eHi as of 2016 with aggregated investment cost of USD 107 million.
Hotel giant China Lodging leads funding into shared fitness startup ParkBox
In addition to product development, the fund raised will help extend ParkBox capsule gym from communities to China Lodging's hotels, which has 500 hotel projects in the pipeline for the next two years.
Chinese travel brands' value climbs 57% in 2018, Ctrip ranks 34th
Tencent, followed by Alibaba, remained China’s most valuable brand. Ctrip increased by 36% to a brand value of USD 3,063 million, ranking 34th.
Ryanair buying 75% stake in Air Berlin's Niki
Ryanair plans to reorganize Air Berlin's Niki, aiming to help it reach profitability by the third year of operations.
China Express Airlines becomes first China regional carrier to go public
By 2020, China’s regional airlines are expected to receive more than 100 million passengers, growing at twice the rate of major airlines.
Food discovery platform Zomato raises $150 million from Alibaba arm
Ant Financial is also buying $50 million worth of shares from the BSE-listed Info Edge, the parent company of Zomato, by taking the total investment from Ant in Zomato to $200 million.
130 million Chinese tourists spend $115 billion overseas in 2017
Some 130 million Chinese have traveled abroad in 2017, up 7% from 122 million in 2016, spending $115.29 billion, a year-on-year increase of 5%.
Priceline Group changes name to Booking Holdings
The group's largest brand Booking.com averages over one million bookings per day and produces a significant majority of Booking Holdings' gross bookings and operating profit.
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