Travel agent lead-generation platform TripScope has sold to group travel startup Travefy.
Ctrip reported net revenues of USD 2.8 billion in full year 2016, representing a 76% increase YoY. Accommodation reservation revenues rose 58% to USD 1.1 billion, accounting for 37% of the total revenues.
Ecommerce is now dominated by personalization technologies, designed to match a customer to an offer or product as early and appropriately as possible.
Meituan-Dianping kick-started an industrial fund, targeting to invest RMB 3 billion in the consumer sector. The funding sources include Meituan-Dianping, Tencent and New Hope Group.
MaiTao, an online service focusing on children learning and traveling experience, has raised RMB 70 million in its B round funding which had Fosun as the lead investor.
Travel planning service Utrip has secured a Series A investment round to the tune $4 million from a string of Seattle and Silicon Valley supporters.
Departure Lounge, a non-traditional travel agency, is an upscale meeting place that hosts corporate happy hours, wedding receptions and memorial gatherings.
From one private equity owner to another – OAG has switched from Axio to Vitruvian in a deal in the region of USD 215 million.