While the Coronavirus continues its rampage through the rest of the world, China has kept new Covid-19 cases at exceptionally low levels with sweeping measures since March.
With an extra day off, Chinese consumers celebrated with a surging demand for travel, snacks and beverages.
Trip.com’s application for the transfer of 100% equity of Shanghai Oriental Huirong Information Technology Service Co., Ltd. was officially approved by the People’s Bank of China on Monday.
Tuniu Corp. (TOUR) reported Wednesday a net loss of 201.5 million yuan ($29.5 million) on revenue of 174 million yuan, a year-on-year decrease of 61.9%, in Q1 2020.
On February 18, Chinese travel service provider Ttrip.com renewed its special cancellation policy for all the travel products on the platform.
According to Tencent News, Ctrip plans to return to Hong Kong for a secondary listing and has recently approached a number of Chinese and foreign investment banks.
On November 6, Ctrip Group, a Chinese online travel service provider announced a strategic partnership with American travel website TripAdvisor, expanding their global cooperation.
Didi Chuxing released a summary of the travel data for the 2019 National Day holiday that commemorated the 70th anniversary of the People’s Republic of China.