Juneyao Airlines will be indefinitely postponing the launch of new European routes; AI tech firm raised $42 million in funding.
Trip.com facilitated cloud tourism of over 3,000 tourist attractions in 832 cities of 48 countries in the world.
Founded in 2019, Hopin allows organizers to host online live events of as many as 100,000 attendees.
The Industrial and Commercial Bank of China will provide a USD 86.7 million loan to online travel giant Trip.com Group; RevPAR of Hyatt hotels declined 90% last month in China.
A Helloworld spokesperson said the cost of the acquisition is “commercially sensitive, but was not significant”.
The suspension does not affect existing bookings for mainland China made before the stop-sell measures were implemented.
China may see losses of USD 430 billion by the coronavirus disruption on travel for 2020; It plans cash injections and mergers to bail out aviation.
Companies offering "cancel for any reason" plans are seeing a spike in new customers.