Facing uphill battle against well-positioned Ctrip and Qunar in China’s online travel market, Tuniu is set to take in $500M investment from Beijing hospitality group and in a 24% stake deal.
China tech markets are rapidly consolidating as a trio of deals in travel, group buying and taxi-hailing apps get underway this year.
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April 1, 2024
Asia News / China News / News
Matrix Leads $5M Funding Of HK-based Online Travel Booking Site
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Silicon Heartland (Penguin Random House, 2022)
Tech Titans of China: How China's Tech Sector is Challenging the World by Innovating Faster, Working Harder and Going Global (Hachette Book Group, 2019)
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Silicon Dragon: How China Is Winning the Tech Race
