TravelSky, Sugon Team For Big Data Aimed At China’s Travel Sector
China’s TravelSky Technology Limited and Sugon Information Industry Company Limited have signed a strategic agreement covering cooperation in joint research and big data analysis.
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Alibaba Group Makes Strategic Investment In Online Chinese Travel Service
China’s Alibaba Group has announced a strategic investment in Qyer.com, a Chinese tourist information and online value-added service provider.
Tencent’s Indian JV Acquires Local Internet Bus Ticket Website
Ibibo, the Indian joint venture invested by China’s Tencent and South Africa’s Naspers, has reportedly acquired an Indian online bus ticket website named RedBus.in.
With China’s Travel Sector Possibly Depressed, What Will Qunar.com Do With Investment Money?
With worries that the new bird flu outbreak could constrict the Chinese travel sector, tourism company Qunar.com has plowed ahead and closed its latest investment round, gaining USD57 million from Baidu.com, Hillhouse Capital, and GGV…
China Mobile, NTT DoCoMo, Korea Telecom Launch Global NFC Roaming Service
China Mobile, Japan’s NTT DoCoMo, and South Korea’s Korea Telecom announced that the three parties have reached an agreement for a series of mobile phone services, aiming to realize cross-border payment services with the near-field…
Online Travel Bookings In China Get Boost With New Airline Agreement
Travel agents around the world using Sabre’s system to book online tickets for some Chinese airlines now can breathe a sigh of relief.
China’s Alipay.com Acquires OnCard Payments
Alipay.com, the Internet payment subsidiary of the Chinese e-commerce group Alibaba, has announced that it has reached an agreement with OnCard International to acquire its third-party payment service subsidiary, OnCard Payments.
Baidu.com Takes Majority Stake In Chinese Travel Website
Chinese search engine Baidu.com announced that is plans to make a USD306 million investment in Qunar.com, a Chinese travel search engine.
Tencent Buys Online Travel Stake In eLong.com
Chinese online travel service provider eLong Inc. reported its unaudited financial results for the first quarter ended March 31, 2011, and said Tencent made a strategic investment in the company.
Taxes Increase For Ctrip’s Chinese Online Travel Services
Internet travel services company Ctrip.com International Ltd. announced its unaudited financial results for the quarter ended March 31, 2011, and stated that revenues rose.
