Recently, an Indian startups, Oyo Rooms has raised $100 million from its existing investors, including Japan’s Softbank in its fifth round of funding.
Expedia is switching gears to better serve Chinese outbound market following sale of its majority stake in OTA eLong to Ctrip last year
B2B travel transaction service Shoukeyi.com received Pre-A round funding of tens of millions of yuan in early 2016 and the company plans to dip into financing for travel industry players
Home-rental company Airbnb has “acqui-hired” the majority of the team behind ChangeCoin, a startup that runs a bitcoin-based micropayments service, according to four people with knowledge of the deal. Companies like Uber and Airbnb are built on their ability to manage supply and demand, which could be aided by a powerful, open ledger system like blockchain.
HotelsNow announced that it had raised tens of millions of yuan in a new angel round of financing led by Beijing “Yi Yi Tian Shi”
Kayak is poised to launch two new metasearch products for restaurants, and tours and activities.
Destination guide publisher Time Out has acquired events marketplace startup HallStreet. HallStreet has transformed from a hotel room reselling business in 2014 to a map-based event planning and booking site.
The vacation rental property-management sector, Portland, Oregon-based Vacasa raised $35 million in venture funding from Level Equity, a New York-based growth equity firm.