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TravelSky sells a stake in its consumer-facing App to China Southern
05/28/2020|2:34:11 PM|
The state-controlled giant is taking a step to better adjust to the market-based economy and explore monetization for its app unit.
JD.com sells its stake in online travel agency Tuniu for $65 million
06/23/2020|11:58:31 AM|
The deal would give the Caissa Group 21.1% shares of Tuniu in total.
US regulator extends deadline for Shiji to sell StayNTouch
06/22/2020|8:30:34 PM|
Chinese hotel tech giant was granted three more months to divest all its interests in the acquisition of a US startup.
Alibaba Fliggy names new head; Fosun-invested customized travel firm collapses | Weekly Review
06/21/2020|10:34:34 AM|
Indonesia planned travel bubble with China, Japan, and Australia; China Eastern Airlines partners with Trip.com Group to launch a new airline.
Investors offload stakes in Chinese OTA; Global hotel chains recover in China | Weekly Review
05/09/2020|11:15:38 PM|
Booking loses $130 million in the sale of its Trip.com Group stake; Shanghai Disney theme park will reopen on May 11.
Hotel giant mulls second listing in HK; Hundreds of Beijing flights canceled | Daily Brief
06/19/2020|12:06:32 AM|
More than 1,200 flights in and out of Beijing were canceled as the Chinese capital wrestles with a fresh coronavirus outbreak; Alibaba names new president for Fliggy.
Internet travel company Mounsey receives $7 million
06/17/2020|9:57:52 AM|
Mounsey boasts 2,500 branded outlets in China and aims at exceeding 10,000 outlets in three years.
Major OTA reports 43.6% drop in revenue; China buys into Norwegian Air | Daily Brief
05/21/2020|5:16:44 PM|
Travel distribution firm DerbySoft is building new connections with Airbnb and HotelTonight; Marriott expects East Asia to lead the recovery with millennial customers.
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