John and Matt talk with Fritz Demopoulos, founding partner of Queens Capital, about his journey at Qunar.
The growing interest in travel comes after two months of restrictions on mobility to control the virus that has killed nearly 3,300 people in China.
Trip.com, one of China’s biggest online travel agencies, introduced on Tuesday a range of initiatives in an effort to revitalize its core business after Covid-19 lockdowns.
Chinese online travel giant Trip.com warned in its fourth quarter results that Q1 revenue will fall by half due to negative effects brought by Covid-19.
China’s online travel platforms have seen transportation and hotel reservations rise as the Covid-19 epidemic shows signs of leveling off.
Baidu has seen its profits slump amid increasing competition and government regulation.
How will online travel fare in China in 2020? It doesn’t help that the virus forced mass cancelations at the busiest time of the year.
The new coronavirus outbreak is pressuring share prices for China’s biggest tech companies including Alibaba, JD, Baidu, and Ctrip.
Spring Festival consumption is likely to remain strong in 2021, as consumers shift to online purchases and livestream.