Having won financing from Civil Aviation Investment Fund, Caissa Tourism and CKGSB Chuang Fund, PKFARE will continue to exploit the supply chain and product inventories.
Meituan-Dianping was reported to be in talks to raise $3 billion to pave the way for a potential initial public offering (IPO) in Hong Kong this year, only to be denied by its CEO.
Islands pools together existing room inventories in centrally located neighborhoods and lease them at 80% of the operating cost, to help generate returns on otherwise unused room stocks.
The new round in Hellobike strengthens Alibaba’s position competing for more market share in this fast-evolving sector.
Norwegian has endured its fair share of struggles in recent years and reported an annual loss of nearly $38.5 million for 2017.
Tencent’s rival Alibaba Group Holding has also shown interest in the deal, according to local media.
The world's largest co-working service provider WeWork announced a merger with China-born Naked Hub, marking the New York-based industry leader's second major investment in a co-working company in nine months.
Nor1, which sells merchandising and pricing tools to hotels, will now be able to offer ancillary sales via chat. Clients include Hilton, IHG, Radisson, Accor and Wyndham.
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