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AI firm buys legacy Hong Kong travel agency in more signs of life for China travel

AI firm buys legacy Hong Kong travel agency in more signs of life for China travel

The acquisition of Connexus Travel follows the startup’s strategy for targeting expansion in Seoul and Shanghai.

02/01/2023|12:06:18 PM|Skift
Tongcheng Travel discloses transaction investments in target companies

Tongcheng Travel discloses transaction investments in target companies

Through the Transactions, the Group is able to tap into the full ecosystem of tourism related business.

12/30/2022|1:19:09 PM|ChinaTravelNews
China Duty Free Group to fully acquire China CTS Asset Operations

China Duty Free Group to fully acquire China CTS Asset Operations

The move is to mitigate peer competition and minimise and eventually eliminate business overlap.

12/17/2021|6:40:26 PM|The Moodie Davitt Report
Tongcheng-Elong acquires PMS provider Jintiane, further consolidating its position in lower-tier cities

Tongcheng-Elong acquires PMS provider Jintiane, further consolidating its position in lower-tier cities

The acquisition has deepened the online travel platform’s cooperation with over 10,000 hotels.

09/28/2021|4:56:15 PM|ChinaTravelNews
HNA-invested tour operator Caissa Tosun plans to acquire Alibaba-backed rival UTour to form a $1.9 billion giant

HNA-invested tour operator Caissa Tosun plans to acquire Alibaba-backed rival UTour to form a $1.9 billion giant

Alibaba holds a 5% stake in UTour while HNA Group owns more than 21% shares of Caissa Tosun.

06/16/2021|2:20:36 PM|ChinaTravelNews
Flipkart to acquire online travel firm Cleartrip valued at $40 million

Flipkart to acquire online travel firm Cleartrip valued at $40 million

For Flipkart, the addition of Cleartrip is a step towards business diversification.

04/16/2021|6:55:20 PM|Techcrunch
Hopin acquires streaming platform Streamyard for $250 million

Hopin acquires streaming platform Streamyard for $250 million

As Hopin became the go-to virtual venue for event organizers, the next product to add was professional-quality video production.

01/08/2021|4:34:57 PM|Event Manager Blog
Travel group LN Holdings acquires two tour operators to expand destination network

Travel group LN Holdings acquires two tour operators to expand destination network

Last month, Guangzhilv announced that it will acquire Shanghai Shenshen International Travel Service to set up its eastern destination-service system.

12/23/2020|11:50:54 PM|ChinaTravelNews
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