MagicStay says it already provides 150,000 apartments in 90 countries since its inception four years ago.
This certainly won’t be the first or last acquisition we can expect to see in the hospitality industry.
Sharing Economy International, a Chinese textile machinery maker with blockchain ambitions, said it’s pursuing the acquisition of a boutique hotel from Hong Kong property billionaire.
China’s Meituan-Dianping is set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a source with knowledge of discussions told TechCrunch.
Caocao Car, China’s first new energy-focused mobility service provider, has raised one billion yuan. At present, the company is operating in more than 17 cities in China.
The reduction of early-stage deals probably indicates an overall maturing of the travel tech startup and squeezing out potential competitors.
Sydney travel booking system provider company Booking Boss was sold in mid-2017 to Singapore travel technology company Helix Leisure.
The company may repurchase up to USD 100 million worth of its ordinary shares or American depositary shares representing ordinary shares over the next 12 months.
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