Insiders point out that this injection of Alibaba undoubtedly solves the pressing needs of Ofo.
Ant Financial is also buying $50 million worth of shares from the BSE-listed Info Edge, the parent company of Zomato, by taking the total investment from Ant in Zomato to $200 million.
BookingKit is an Saas platform which connects attractions providers with digital inventory and tools to manage bookings.
The current funding will be deployed for brand building, manpower development and resource distribution at destinations.
Amadeus achieved 8.5% growth in revenue to €4,852.7 million and total travel agency air bookings grew 6.3% to 568.4 million.
Tripio plans to restructure hotel booking protocol using blockchain technology, so as to solve problems of high commission, intensive operation, false reviews and inaccurate updates on room status.
Triple connects travelers with local hosts for activities and experiences; Local Guddy offers more than 800 experiences in more than 200 cities.
RVshare hopes to replicate HomeAway’s success of turning an emerging concept mainstream – in this case a hybrid of transportation and lodging.
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