Ofo has secured USD 866 million in a new round of financing led by Alibaba, a move that should stave off calls for it to merge with Tencent-backed rival Mobike.
Ctrip announced that its international car rental service will now be available on Trip.com, Ctrip Group's new international one-stop travel booking service.
Insiders point out that this injection of Alibaba undoubtedly solves the pressing needs of Ofo.
The current funding will be deployed for brand building, manpower development and resource distribution at destinations.
Ctrip’s car unit CEO believes that the current fragmented needs for car rental usage, unlike daily and monthly rental demands in the past, cannot be ignored.
Almost 400 million people -- that’s more than the U.S. population -- will travel by train over the Lunar New Year, also known as Spring Festival.
Among the projects are three new developments from Merlin Entertainments, including two brands making their first appearance in China.
The move into Japan underscores a recent push by Didi to beef up its presence in markets outside China and intensifies the firm's global battle with U.S. rival Uber.
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