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China's top 20 travel groups collectively rake in record income
12/09/2016|3:05:30 PM|
The collective income of China’s top 20 tourism groups this year is 40% higher than last year. The rapid growth is said to be a result of capital-driven mergers and online-offline consolidations.
Shiji acquires a majority stake in SnapShot
12/06/2016|6:53:46 PM|
With the additional investment of EUR 17.9 million, Shiji holds 69.07% of SnapShot stock equity.
Sports event platform Online Bike closes Pre-A round
11/29/2016|10:10:13 AM|
Bicycle event company Online Bike received millions of yuan in its Pre-A round.
Baidu Capital appoints Ctrip's former CSO Jenny Wu as first Managing Partner
11/23/2016|5:34:51 PM|
Baidu Capital appointed Ctrip's former CSO Jenny Wu as its first managing partner. The company will form a dedicated travel industry fund with Ctrip.
Ctrip merges with Qunar in vacation unit, denies Tuniu takeover
11/23/2016|10:41:01 AM|
Ctrip’s senior management announced in an internal letter that the company has merged with Qunar in their holiday units. Rumor of Ctrip buying Tuniu has been denied, meanwhile.
Building a customer-centric distribution channel
10/26/2016|9:29:21 AM|
Chinese airlines have responded to OTAs by focusing on direct sales and axing agency commission fees. At the heart of their argument was that the move was for consumers.
MakeMyTrip gross bookings grow 16.9% in Q2 2017
10/26/2016|3:24:05 PM|
MakeMyTrip's gross bookings reached USD 493.5 million in Q2 2017, representing a YoY increase of 16.9%.
Tujia to acquire homestay business of Ctrip and Qunar
10/24/2016|7:31:12 PM|
Vacation rental platform Tujia announced on October 20 a strategic agreement to acquire the apartment and house rental operation of China’s OTAs Ctrip and Qunar.
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