TravelSky net profit plunges 85% in 2020; Tongcheng-Elong acquires a corporate travel firm.
State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name; Shanghai denies implementing mandatory registration for travelers to city.
In 2020, Jin Jiang had around 13% of its revenue from overseas markets, down from the 20% overseas share in 2019.
Singapore, China are discussing travel resumption; Hong Kong’s travel bubble hopes for Singapore, Australia depend on pandemic control, vaccination.
State-owned travel conglomerate CTII posts 56% drop in revenue; Singapore mulls over launch of air travel bubble with Hong Kong.
The company will continue to focus on building a “first-class tourist destination investment and operation service provider”.
The proceeds will be used for product R&D, market expansion and customer service.
Chinese Uber competitor to launch in South Africa; Embraer confident about China despite the rise of COMAC.