Wal-Mart Stores Inc has taken full ownership of Chinese e-commerce firm Yihaodian.com, buying out the 49% stake that it did not already own.
TheSuitest, a hotel search engine that crunches data to give additional information on room options, was acquired by ClickTripz this week.
Alibaba's Aliyun cloud services arm will target clients beyond China as it tries to match or outperform Amazon within three years, Aliyun president Simon Hu said.
MakeMyTrip announced signing of agreement for the acquisition of a minority stake in HolidayIQ. MakeMyTrip will pick up around 28% stake in HolidayIQ for $15 million.
What is key to scaling up the high-volume, wholesale model in China? Tourico believes supporting hotel companies with right technology can be a major asset.
The People’s Bank of China, announced online sites can serve only as intermediaries and banned them from “enhancing borrower creditworthiness”.
Airbnb plans to introduce a revamped Airbnb for Business, which includes a central billing system and a dashboard for companies to track employee spending.
Travel expense software provider TripScanner has marked almost two years since its launch with an exit to Coupa Software.