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Australia-based CTM to acquire Hong Kong travel agency Lotus for HKD 300M
07/11/2018|4:26:44 PM|
CTM Asia becomes the largest player in Hong Kong serving Greater China market after the acquisition, total transaction value reaching AUD$2.5 billion.
Hotel data operator Htrip lands tens of millions of yuan
07/11/2018|8:53:00 AM|
Htrip is a hospitality data operator that aims to help hotels maximize their profits by leveraging big data for hotel services, product lines, membership operation and other aspects.
Airbnb appoints new president in China
07/10/2018|10:37:39 AM|
Tao Peng, a local serial entrepreneur who built companies like Breadtrip, CityHunter and co-founded CityHome, announced personally that he would join Airbnb in September as President of Airbnb China.
Education platform Maitao.com pockets multi-million dollars to expand offline
07/09/2018|3:00:07 PM|
Maitao acquires new customers with low-cost and high-quality courses such as Maitao Lab, and then channels the customers to high-value long-haul tours and camp activities.
Huazhu ranked 4th globally, Meituan files for IPO, and more in ChinaTravelNews Briefing
07/09/2018|10:48:48 AM|
AccorHotels’ shareholder Huazhu surpassed IHG in market capitalization as the world’s fourth highest valued hospitality group. Tencent-invested e-commerce and travel firms Meituan and Tongcheng Elong filed for Hong Kong listings.
Optimizing digital media mix in China – 5 areas demanding deeper introspection
07/09/2018|7:50:39 AM|
The constant refining of features on high-traffic ecosystems such as Tencent, search-related activity going beyond search engines or the rising popularity of an app such as Douyin, such developments demand a deeper introspection into how creative and media strategy needs to be planned out in China.
Airbnb injects $5 million into China’s B&B management platform City Home
07/06/2018|3:03:02 PM|
This will increase Airbnb’s supply of quality accommodation in China, and make available more offline resources and services for Airbnb hosts, which will in turn help City Home acquire more sources in the country.
Alibaba-backed Shiji acquires founders shares of SnapShot
07/06/2018|11:59:08 AM|
Hotel technology firm Shiji acquired the shares of SnapShot’s founders to "increase commitment to SnapShot's vision of a hospitality data platform".
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