A slew of online services make it possible to do tourism from the safety of your living room—or replicate travel abroad while staying home.
The video conferencing startup has doubled revenues year-over-year since 2017.
As many US-listed Chinese stocks go low, Hillhouse Capital has bucked the trend, being optimistic towards China-related assets.
US home rental giant Airbnb announced today that its China head Ge Hong is leaving the company. The firm didn’t disclose the reasons for his departure. The company’s co-founder and chief strategy officer Nathan Blecharczyk is going to take his place. Ge was appointed as vice president and China head of Airbnb this April. Along with […]
Chinese peer-to-peer home rental platform Xiaozhu announced Wednesday that it has received $120m in the latest financing round. The firm said vaguely in the statement that the current round has bumped the startup to unicorn status, which means the valuation of this round would be around $1 billion or higher. Yunfeng Capital, the VC firm backed […]
China’s “re-commerce market” is predicted to reach RMB 1.25 trillion in 2020 as consumers shop for second-hand goods on online marketplaces.
It seems that China’s online travel and accommodation industry is still feeling the heat from the Golden Week. China’s home rental unicorn Tujia.com, often dubbed the Airbnb of China, announced today that it just completed a $300 million Series E for its online arm at a valuation of over $1.5 billion. The current round marks […]
The assumed reasons for the resignation of Airbnb’s China head, Ge Hong, may not be why he actually left, as suggestions that staff impropriety may be the reason. Chinese sources and The Information are reporting that the reason was in fact that Ge was pushed out for having a relationship with a female employee. Earlier […]
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.
Chinese conglomerate Shanda Group invested $5.6 million Series A in Malaysian startup NIDA on February 2017 in order to further tap into Southeast Asia regions, the next booming travel destination for Chinese tourists. In fact, Southeast Asian countries remain top destinations for Chinese outbound tourists. Thailand, Singapore, Vietnam, Malaysia, Indonesia and the Philippines are among the […]