Showing 12 of 28 posts with this tag
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.
With an extra day off, Chinese consumers celebrated with a surging demand for travel, snacks and beverages.
On November 6, Ctrip Group, a Chinese online travel service provider announced a strategic partnership with American travel website TripAdvisor, expanding their global cooperation.
On September 28, the car rental business unit of China's leading travel booking platform, Trip.com, and Tencent's travel services platform reached a new cooperation agreement, providing one-stop online car rentals and bookings for users of Tencent's travel services in China.
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 July 27, Chinese travel services platform Trip.com released its "LESS-Carbon Neutral Plan," pledging to gradually achieve carbon neutrality in its own operations, and to jointly launch at least 10,000 low-carbon travel products with its ecological partners.
Meituan on Thursday announced that, in order to help travelers in the next round of epidemic prevention and control, the company has upgraded its assurance services for orders affected by the pandemic.
Property rental company Airbnb announced on June 3 that it will facilitate the shift of its housing and host data to several Chinese domestic rental platforms before it shuts down operations in Chinese mainland from the end of July.
On Wednesday, Chinese web retail and services platform Meituan announced a new round of adjustments, including the establishment of a special group to make decisions regarding all retail-related businesses.
Chinese travel company Trip.com Group has passed the hearing for its secondary offering on the Hong Kong Stock Exchange, according to a draft prospectus filed to the bourse late Tuesday.
In response to rumors that it would seek an IPO in Hong Kong, employees from Chinese car rental firm eHi said on Wednesday, "there is indeed a plan to go to Hong Kong for IPO, but the specific time has not yet been set."
On November 17, Trip.com Group signed a three-year Memorandum of Understanding with the China International Culture Association to promote inbound tourism.