Leading travel commerce platform, Travelport announced a new content and data partnership agreement with the online travel platform of the Alibaba Group, Alitrip.
China’s OTAs continue to attract not only eye-watering levels of investment but also new entrants, with LY.com getting RMB3.2 billion from Wanda Group.
Wanda Culture Industry Group has injected RMB3.58 billion in its first OTA investment - LY.com, as part of Wanda Tourism’s ‘online +’ O2O strategy.
The nearly two-year legal battle over breach of contract between eLong Information, and Beijing Qunar, ended with an eLong victory on June 29, 2015.
Destination travel platform MDD World received a multi-million yuan angel investment from Shenzhen investors Innovalley and Innovation Angel Funds.
Wanda Tourism will leverage its investment partnership to integrate C&D International Tourism’s superior resources and cement C&D’s position in Fujian.
Wanda chairman Jianlin Wang said he made a major OTA investment while LY.com’s included Wanda Group among potential investors.
HKCTS Group has merged its subsidiary CTS with OTA Mangocity with CEO Jinling Li , indicating that HKCTS is taking a big leap towards O2O integration.