The travel and leisure industry was one of the first to be transformed by digital.
The Priceline Group may have been extremely active to some in the investment and acquisition markets in recent years – but it doesn’t think so.
Such is the apparent progress (and interest) in the online tours and activities sector that it can get an entire session of its own at a major travel conference these days.
Travel wholesale ecommerce and O2O platform Ilvyou announced it received RMB55 million in its A Series financing round, from lead investor CHC Capital.
Out of the blue, Amazon has decided to shut down its travel booking site, Amazon Destinations!
Priceline purchased from 5,600 to 129,200 of Ctrip’s ADS which brings Priceline’s holdings stake in Ctrip up to 12.63% in total.
Airbnb has 60 million travelers and 1 million hosts. During the first week of August 1 million people stayed in Airbnb’s in a single night; that equates to the tenth largest city in the U.S.
Group buy platform Meituan and ratings platform Dianping are seeking to raise US$2-3 billion from investors.