Tuniu trimmed its net loss to RMB 287.4 million (USD 41.7 million) in Q1 2017 from RMB 538.5 million in Q1 2016 by "improving operational efficiency and realizing economies of scale."
Of the ten most well-funded travel tech firms in the past five years, Airbnb ranks top with USD 4.4 billion funding, followed by China's Tongcheng (LY.com) and India's OYO Rooms. Half of the top 10 list are from China.
Ctrip's vice president of investments specified the company's considerations in acquisitions.
Amazon's shift to travel search is nothing to do with desktop or mobile but the introduction of voice through its Alexa service on the Echo device.
Homegrown ride-sharing and home-sharing companies emerged in China early this decade, shortly after Uber and Airbnb launched in the U.S. The industry has boomed ever since.
Amsterdam-based ticketing platform Tiqets has picked up USD 17 million in funding and will use the cash to fulfill its global ambitions.
After forcing the biggest changes in travel since Priceline and Expedia, Airbnb is running out of easy room to grow against lodging firms. It needs to upend the entire travel experience.
OpenJaw Technologies announced details of a partnership with Dublin-based startup, Ludex, to create a conversational chatbot for airlines, loyalty programs and online travel agencies.