The move is to mitigate peer competition and minimise and eventually eliminate business overlap.
The acquisition has deepened the online travel platform’s cooperation with over 10,000 hotels.
Alibaba holds a 5% stake in UTour while HNA Group owns more than 21% shares of Caissa Tosun.
For Flipkart, the addition of Cleartrip is a step towards business diversification.
As Hopin became the go-to virtual venue for event organizers, the next product to add was professional-quality video production.
Last month, Guangzhilv announced that it will acquire Shanghai Shenshen International Travel Service to set up its eastern destination-service system.
The IfOnly platform will continue to help advance our Priceless strategy and our combined team will be even better positioned and equipped to deliver exclusive experiences for cardholders globally.
The company says it now has more than 120 participating hotels.
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