Articles tagged “meituan”

Ctrip Expects Rising Costs to Nibble at Its Margins

Ctrip Expects Rising Costs to Nibble at Its Margins

Sean O'Neill, Skift

Ctrip's revenue growth has remained in line with forecasts, but its costs are rising. More interestingly, the online travel giant has branched out into hotel management by providing data services and marketing support to franchisees for a new brand, Rezen.

6 days ago

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Booking Holdings Invests $200 Million in Grab as Ridehailing Becomes More Strategic

Dennis Schaal, Skift

It's becoming increasingly clear that online travel players will try to leverage the heck out of connections between food delivery, ridehailing, and booking hotels. Uber and Lyft will undoubtedly become a bigger part of the action, as well.

2 weeks ago

Meituan’s Hong Kong IPO May Intensify Its Rivalry With Ctrip

Meituan’s Hong Kong IPO May Intensify Its Rivalry With Ctrip

Sean O'Neill, Skift

China's travel market is fast-growing enough that it could support a competitor to current leader Ctrip. That day may arrive soon, too, given that Meituan-Dianping is showing surprising traction in hotel booking.

2 months ago

Booking CEO Gillian Tans Gets a Ctrip Board Seat

Booking CEO Gillian Tans Gets a Ctrip Board Seat

Dennis Schaal, Skift

Online travel's two most influential female executives, Ctrip's Jane Jie Sun and Booking.com's Gillian Tans, will now deliberate around the table together at Ctrip board meetings. Ctrip felt the need to announce that the two companies are strengthening their ties after Booking's 2017 investment in Ctrip rival and IPO-bound Meituan-Dianping.

5 months ago

Airbnb Nearly Merged With Chinese Rival Tujia in 2017

Airbnb Nearly Merged With Chinese Rival Tujia in 2017

Shelly Banjo and Olivia Zaleski, Bloomberg

If we were Booking or HomeAway, we'd probably read this and see a big opportunity here.

6 months ago

Emerging Travel Giant Meituan Mulling $60 Billion IPO in Hong Kong

Emerging Travel Giant Meituan Mulling $60 Billion IPO in Hong Kong

Lulu Yilun Chen, Bloomberg

Among the many things on Uber's list of things to worry about, Meituan Dianping should be at or close to the top of that very long list.

8 months ago