Japanese multinational SoftBank starts travel agency targeting Chinese customers

Posted by Daniel Meesak
On 4th November 2015
alitrip, chinese, ctrip, FIT, japan, ota, qunar, softbank, tourism

Following the sharp rise in Chinese tourists visiting Japan, the Japanese multinational SoftBank Group – best known for its position as one of Japan’s largest cell phone carriers and recently acquiring American carrier Sprint – is now looking to enter the Chinese tourism market by launching a travel agency in China. The new travel agency […]

Mergers continue in China’s tourism industry as Ctrip and Qunar enter strategic partnership

Posted by Daniel Meesak
On 29th October 2015
alipay, china, ctrip, market, merger, qunar, tourism

China’s leading travel websites, Ctrip.com and Qunar announced on Monday that they will enter a strategic partnership, thus together forming China’s biggest online travel agent (OTA). In more technical terms, they will conduct a share swap that results in Ctrip owning a 45% stake in Qunar, and Qunar parent Baidu will own a 25% stake […]