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Alibaba backs Israeli travel startup; Klook buys car-hire firm | Weekly Review
04/04/2020
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10:14:48 PM
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Chinese airlines rescheduled their international flights after national regulators decided to limit the number of international flights to curtail imported COVID-19 cases.
Trip.com to borrow up to $1.5B; Airbnb lowers valuation by 16% | Daily Brief
04/03/2020
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11:02:25 PM
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An investment firm indirectly associated with Trip.com Group wants to privatize online classifieds marketplace 58.com; OYO's CEO will forego his salary for the rest of the year.
Ant Financial picks up stake in European fintech firm Klarna
03/05/2020
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9:19:43 PM
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Klarna also collaborated with Expedia Group last April to provide travelers the flexibility to pay over time.
Global top 3 tourism nations unveiled, China's hotel markets remain strong and more
01/17/2020
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4:57:00 PM
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OYO is firing thousands of staff across China and India; Six Flags is struggling with its planned parks in China and might scrap plans to complete them.
WeChat Alliance launched to connect global destinations with Chinese travelers
12/03/2019
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2:50:54 PM
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The WeChat Alliance initiative comprises four programs: Destination Service Digitalization, Industry Growth Workshop, Industry Growth Fund and Alliance Summit.
Amadeus posts 15.0% rise in revenue in first nine months
11/08/2019
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6:21:08 AM
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The company's travel agency air bookings growth (0.5%) outperformed the industry (-0.8%), driven by market share gains in all regions except its Asia-Pacific business (-15.3%).
PayPal enters China market by acquisition of payment license holder GoPay
09/30/2019
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5:51:18 PM
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PayPal has acquired 70% of GoPay through Paypal Information Technology (Shanghai), the Nasdaq-listed company's subsidiary in China.
Fliggy thrives on might of Alibaba ecosystem
10/21/2019
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8:48:47 AM
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Alibaba’s China retail marketplaces had 755 million MAUs in June 2019. This userbase is being constantly exposed to Fliggy as a part of cross-selling tactics.
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