Investment - ChinaTravelNews

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"We've only got 2% of the market", says Trip.com chairman at second listing

"We've only got 2% of the market", says Trip.com chairman at second listing

Chairman laid out a four-pillar strategy for the company's future growth.

04/19/2021|2:16:40 PM|Jerry Tang, ChinaTravelNews

Lifestyle hotel brand Atour reportedly plans $300m US IPO

The company was backed by Legend Capital and Alibaba’s former CEO Mr. Zhaoxi Lu in previous funding round.

04/19/2021|3:57:18 PM|ChinaTravelNews

GreenTree Hospitality revenues drop 14.8% last year

GreenTree Hospitality revenues drop 14.8% last year

RevPAR was RMB 124 for the fourth quarter in 2020, down by 3.2% year-over-year but up by 4.1% quarter-over-quarter.

04/15/2021|5:07:37 PM|ChinaTravelNews

Shiji jumps after Ant Group invests $68.6 million in retail system unit Sixun

Shiji jumps after Ant Group invests $68.6 million in retail system unit Sixun

Alibaba acquired 13 percent of Shiji IT's shares for RMB 2.4 billion (USD 370 million) in 2014 to become its second-largest shareholder.

04/07/2021|3:56:30 PM|Yicai

Trip.com Group reveals more investments in filing for second listing

Trip.com Group reveals more investments in filing for second listing

Since December 31, 2020 and up to March 31, 2021, Trip.com Group has made or proposed to make investments in OTA, virtual bank, hotel management, car service and hotel.

04/07/2021|8:23:49 AM|Jerry Tang, ChinaTravelNews

DidaTravel raises funding from Alibaba, accelerates digitalization and globalization

DidaTravel raises funding from Alibaba, accelerates digitalization and globalization

The company said it managed to significantly reduce the pandemic impacts on business and ensure steady development.

04/07/2021|7:55:03 AM|ChinaTravelNews

State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name

State-owned hospitality group Jin Jiang reports 32.3% drop in revenue, eyes to be a world-renowned name

In 2020, Jin Jiang had around 13% of its revenue from overseas markets, down from the 20% overseas share in 2019.

04/03/2021|12:19:33 AM|ChinaTravelNews

State-owned travel conglomerate CTII posts 56% drop in revenue

State-owned travel conglomerate CTII posts 56% drop in revenue

The company will continue to focus on building a “first-class tourist destination investment and operation service provider”.

03/31/2021|5:28:35 PM|ChinaTravelNews

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