• 4 months ago
Categories: Australia

little startup Trip.com has been acquired with Chinese travel giant Ctrip – a move which can shake up the travel industry

as mentioned in

In a move which sends a subtle signal to America travel titans Expedia & Priceline, Chinese travel giant Ctrip has purchased a little America startup called Trip.com.
Chinese travel giant Ctrip has made an interesting step into the America travel market with buying a small Palo Alto, California, startup known as Trip.com.
Ctrip Information Systems China’s biggest travel booking Corporation & 1 of the largest travel booking companies in the world.
Ctrip’s acquisition signaled which the Chinese Corporation had ambitions beyond Asia, starting with Europe.
Katz tells the buy of his startup with Ctrip doesn’t mean which the Chinese travel Corporation Information Systems moving in on the America market immediately.

Berlin startup GetYourGuide has lifted $75 mn for its travel booking platform

It follows a $fifty mn investment round in November 2015.
GetYourGuide, a Berlin-headquartered travel startup which allows people to book activities, meals, & tours in different countries, has lifted $75 mn (£57 mn) in a fresh funding round.
The investment, which follows a $fifty mn (£38 mn) round in November 2015, Information Systems 1 of the largest funding rounds ever lifted with a Berlin startup, with music streaming Corporation SoundCloud being a notable exception.
GetYourGuide wants to become a $twenty bn Eu technology giant”Over the final 2 years, GetYourGuide’s management realised this Information Systems a $150 bn (£112 bn) market.
“If we execute well this Information Systems a possibility $twenty bn (£15 bn) Corporation very we ought not purvey early.

CTrip Group snaps up travel search startup Trip.com

as declared in Trip.com, a travel discovery application previously known as Gogobot, Information Systems getting acquired amid a flurry of activity surrounding trip discovery equipment & companies — & the developing presence of Airbnb’s foray into finding experiences.
CTrip Group going to acquire Trip.com for an undisclosed sum.
In the declaration, CTrip Group indicated which further than sixty mn people have used Trip.com to outline their travel.
Trip.com, an early crack at a further unified trip search trial which spans multiple modes of travel, lodging, & experiences, declared the acquisition via a blog post this day.
The travel discovery engine has lifted $39 mn in financing.

collected by :Molly Tony

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