The latest trending report Global Online to Offline Commerce Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.The report will assist reader with better understanding and decision making.The Online to Offline Commerce market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.The global Online to Offline Commerce market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 13.3%% in the forecast period of 2020 to 2025 and will expected to reach USD 265470 million by 2025, from USD 161090 million in 2019.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/31879-online-to-offline-commerce-market-analysis-reportThe major players covered in Online to Offline Commerce are:Booking HoldingsMeituan DianpingDidi ChuxingExpediaSuning.comUberTuniu CorporationCtripAirbnb58.comGrab HoldingsFang Holdings LimitedeHi Auto Services LimitedPing An Good DoctorLeju Holding LimitedAlibaba HealthBy Type, Online to Offline Commerce market has been segmented into:Group-Buying PlatformOnline Shopping PlatformBusiness Circle PlatformBy Application, Online to Offline Commerce has been segmented into:Travel & TourismHotel BookingRidesharingRestaurantOthersThe report offers in-depth assessment of the growth and other aspects of the Online to Offline Commerce market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)South America (Brazil, Argentina, Colombia)Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Online to Offline Commerce Market @ https://www.decisiondatabases.com/contact/download-sample-31879There are 14 Chapters to deeply display the global Online to Offline Commerce market.1 Online to Offline Commerce Market Overview2 Company Profiles3 Global Online to Offline Commerce Market Competition, by Players4 Global Online to Offline Commerce Market Size by Regions5 North America Online to Offline Commerce Revenue by Countries6 Europe Online to Offline Commerce Revenue by Countries7 Asia-Pacific Online to Offline Commerce Revenue by Countries8 South America Online to Offline Commerce Revenue by Countries9 Middle East and Africa Revenue Online to Offline Commerce by Countries10 Global Online to Offline Commerce Market Segment by Type11 Global Online to Offline Commerce Market Segment by Application12 Global Online to Offline Commerce Market Size Forecast (2021-2025)13 Research Findings and Conclusion14 AppendixPurchase the complete Global Online to Offline Commerce Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-31879Other Reports by DecisionDatabases.com:Global E-commerce Payment Market 2020 by Company, Regions, Type and Application, Forecast to 2025United States Retail E-commerce Software Market by Manufacturers, States, Type and Application, Forecast to 2022Global B2C e-commerce Market 2019 by Company, Regions, Type and Application, Forecast to 2024About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.DecisionDatabases.com is proficient in providing syndicated research report, customized research reports, company profiles and industry databases across multiple domains.Our expert research analysts have been trained to map client’s research requirements to the correct research resource leading to a distinctive edge over its competitors.We provide intellectual, precise and meaningful data at a lightning speed.For more details:DecisionDatabases.comE-Mail: [email protected]: +91 9028057900Web: https://www.decisiondatabases.comNews Source – https://www.industrynewsengine.com/2020/11/19/global-online-to-offline-commerce-market-worth-265470-million-usd-by-2025/
Summary - A new market study, titled “Global QR Scan Payment Market Size, Status and Forecast 2020-2026” has been featured on WiseGuyReports   Summary This report focuses on the global QR Scan Payment status, future forecast, growth opportunity, key market and key players.The study objectives are to present the QR Scan Payment development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.ALSO READ:  https://industrytoday.co.uk/it/covid-19-impact-on-qr-scan-payment-market-projection-by-latest-technology--global-analysis--industry-growth--current-trends-and-forecast-till-2026  The key players covered in this study Alibaba Tencent Union China Paytm Barchlaycard Line Pay Meituan-Dianping ...Market segment by Type, the product can be split into Active Scan Code Scanned by Others Market segment by Application, split into Restaurant Supermarket Travel OtherMarket segment by Regions/Countries, this report covers North America Europe China Japan Southeast Asia India Central & South AmericaThe study objectives of this report are: To analyze global QR Scan Payment status, future forecast, growth opportunity, key market and key players.To present the QR Scan Payment development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.To strategically profile the key players and comprehensively analyze their development plan and strategies.To define, describe and forecast the market by type, market and key regions.In this study, the years considered to estimate the market size of QR Scan Payment are as follows: History Year: 2015-2019 Base Year: 2019 Estimated Year: 2020 Forecast Year 2020 to 2026 For the data information by region, company, type and application, 2019 is considered as the base year.Whenever data information was unavailable for the base year, the prior year has been considered.
Search giant Baidu is near a deal to acquire US-listed Chinese video-streaming platform Joyy's China operations in order to boost its livestream business.
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Wework China is pulling back from its aggressive expansion and cutting costs after its dramatic downfall last year involving a failed IPO.
What exactly is mutual aid in China and why it could work in Southeast Asia, and the plant-based startup that makes meat green.
Chinese food delivery giants draw public ire, Dianping's symbolic retreat is made official; and VC interest in e-commerce wanes.
A viral article exposed hazardous conditions for China's delivery drivers, but many are skeptical that Eleme and Meituan will solve the problems.
China tech in Africa is still going global, chasing new growth and backing African startups focused on financial inclusion.
Elliott, James, and Michael Norris discuss quarterly earnings reports of Alibaba, JD, and Pinduoduo, and what investors can expect.
  An efficient and thoughtful plan of action for all organizations begins with a correct statistical investigation.Another statistical research report called the Group Buying Market was included in our archive.because the population grew, favorable claims to the weather were raised, which can cause a comprehensive market.Key Player Mentioned: Groupon, GoodTwo, Meituan Dianping, Alibaba, LivingSocial, Woot, 1SaleADay, Ruelala, Hautelook, Zulily, BelleChic, Amazon, JingDongRequest Sample Copy @t: https://introspectivemarketresearch.com/request-samples.php?_id=12&_sid=8639Competitive evaluation of top market participants is another characteristic of the file, which explains indirect and direct competitors on the industry.), Asia-Pacific (China; India; Japan; Southeast Asia etc.These sectors were presented by providing information on existing and expected status until the top of the forecast period.Ask For Discount @t: https://introspectivemarketresearch.com/ask-for-discount.php?_id=12&_sid=8639The report consists of investment feasibility evaluation, global Group Buying job SWOT evaluation, investment return evaluation, and growth evaluation.
The fintech company that had plans to become profitable this year and IPO the next, and the startup that’s helping clinicians predict strokes
The bike rental bubble popped a long time ago. Now, a new group of companies are taking a different approach to their predecessors.
Xpeng Motors is priming for a public listing in New York where it could raise up to $1.1 billion from high-profile backers including Alibaba and Xiaomi.
With the pandemic increasing the amount of food delivery and hurting restaurants' bottom lines, buzzy ghost kitchens see an opportunity to grow.  The category had already attracted a lot of interest, notably from Uber co-founder and former-CEO Travis Kalanick, who launched CloudKitchens in 2016.  We compiled 14 of the biggest players in the ghost kitchen world to show the international scope of the budding space. Visit Business Insider's homepage for more stories. The pandemic has closed thousands of restaurants, many for good, while food delivery volume is increasing substantially. Much of the country reopening indoor dining, but Opentable is reporting that the amount of seated diners continues to substantially underperform last year.  Ghost kitchens, a buzzy class of startups, were already betting that delivery would grow in market share, attracting founders including billionaire Uber ex-CEO Travis Kalanick, but the rapid increase in delivery demand has accelerated their growth.  These companies operate a kitchen that hosts multiple restaurants or menus, from which they only do delivery orders (or sometimes pick up). Some run their own food brands, while others partner with local chefs or established delivery brands.  While American startup hotbeds like Silicon Valley and New York have seen multiple ghost kitchen startups, this trend is worldwide, with Dubai, India, and Western Europe emerging as other areas that have spawned multiple startups.  "Every single restaurant globally became a ghost kitchen overnight," Corey Manicone, CEO and cofounder of Zuul Kitchens, told Business Insider. He said that the pandemic has accelerated the concept by three to five years, but that there's a lot of growth ahead.  "We're at the same place as e-commerce in the early 2000s," he said.  Money continues to flow into the space: both Zuul and hotel-focused ghost kitchen Butler Hospitality raised money in July, $9 million and $15 million respectively. Karma Kitchen, a UK based kitchen, recently raised $318 million as well.  In a time of economic contraction, the model makes a lot of sense for restauranteurs. Real estate and labor costs can be pooled across multiple restaurants, lowering the amount of square footage and the number of employees a restaurant needs. Less overhead, with the same amount of income.  Read more: Bond, which has raised $15 million from investors including Lightspeed, wants to become the Shopify of logistics by turning vacant retail space into warehouses The pandemic's impact on retail space, including restaurant space, has also been a boon for the industry. Firms convert restaurant space, underutilized retail space, and occasionally industrial space into ghost kitchens. Two of those three categories, retail and restaurants, are having an outsized negative effect from the pandemic, which leads to a glut of supply for ghost kitchens. While real-estate firms may not have originally planned to bring ghost kitchens into their space, the bottoming out of demand from traditional tenants has opened many up to the business.  "A lot of these development companies, larger landholders, and real-estate firms are taking a forward-looking, reset view of what is the best way to optimize their holdings for the future," Jim Collins, founder and CEO of Kitchen United, told Business Insider.  We've created a list of 14 of the hottest startups in the space, highlighting where they've received money and what's different about their concept. SEE ALSO: Bond, which has raised $15 million from investors including Lightspeed, wants to become the Shopify of logistics by turning vacant retail space into warehouses SEE ALSO:  Butler Hospitality Money raised: $20.2 million Investors: Mousse Partners, The Kraft Group, Entrepreneurs Roundtable Accelerator, &vest, Scopus Ventures, Loeb.nyc Cities / Countries it operates in: NYC, expanding to Chicago, Miami, Washington DC What it does: Butler Hospitality, founded in 2015, puts a twist on the classic ghost kitchen model, delivering room service at multiple hotels across New York. What makes it different: According to founder and CEO Tim Gjonbalic, hotels lose a lot of money on food and room service, but need it in order to bag high-paying business travel clients and conference and event clients.  While hotels have been hit hard, Gjonbalic believes that this will actually be a boon to his business, as they'll look to cut costs, focusing on food and beverage first.  "The only way for our clients to get contracts for the National Guard at the Javitt Center or for visiting nurses was to make sure there's food and beverage for them," Gjonbalic told Business Insider.  CloudKitchens Money raised: $400 million Investors: Saudi Arabia's sovereign wealth fund Cities / Countries it operates in: US, China, India, and Europe What it does: CloudKitchens was founded in 2016 by former Uber CEO and co-founder Travis Kalanick. The company is quite secretive and doesn't advertise locations or conduct interviews. The company operates its own brands, with names like " B*tch Don't Grill My Cheese," and has locations in the US, China, India, and Europe. What makes it different: The most major difference is Travis Kalanick and the Saudi Arabian sovereign wealth fund. Saudi Arabia was a long time backer of Uber.  The Wall Street Journal has reported that the company has made roughly 10 acquisitions of ghost kitchen competitors around the world, and has bought over 100 properties globally, but didn't report actual locations and asset types.  Deliveroo Money raised: $1.5 billion Investors: Amazon, Fidelity Management and Research Company, T. Rowe Price, Accel, Index Ventures and other Cities / Countries it operates in: UK What it does: Deliveroo is one of the largest food delivery services in the UK. The company has also been dipping its toes into ghost kitchens for a few years, setting up shop in converted shipping containers in parking lots.  What makes it different: Deliveroo isn't the only delivery service to try the ghost kitchen business. Uber Eats launched a location in Paris in 2018, but then closed it at the end of 2019.  Karma Kitchen Money raised: $318 million Investors: Vengrove Asset Management Cities / Countries it operates in: London What it does: Karma Kitchen was founded in 2018 by two sisters, Eccie and Gini Newton, and earlier this month raised a massive $318 million series A funding round from industrial-focused real estate firm Vengrove Asset Management. The company works with other brands, that can rent out space for as little as $53 a shift. As of now, they have one location in London, but the company is expected to open two more locations in the city and plans to expand across Europe. What makes it different: While Karma Kitchen seems to follow a pretty traditional ghost kitchen model at the moment, their partnership with Vengrove implies that the company might continue to dig into industrial space.  Read more: A flexible leasing company — think Classpass for apartments — is expanding to cities like Denver and Atlanta after building a C-suite with former WeWork and Airbnb execs Keatz Money raised: Roughly $23 million  Investors: Atlantic Food Lab, U-Start, K Fund, Project A Ventures, JME Ventures, Marco Valta Cities / Countries it operates in: Berlin, Amsterdam, Madrid, Barcelona, and Munich What it does: Keatz was founded in Berlin in 2016 and has now grown to ten different cloud kitchens. The company develops its own brands and menus, and has focused on providing food that can easily be delivered. What makes it different: Keatz's range of locations across European cities gives it access to a wide range of markets.  Kitchen United Money raised: $50 million Investors: GV (Google Ventures), RXR Realty, Fidelity, DivcoWest, G Squared Cities / Countries it operates in: Chicago, Pasadena, Scottsdale, and Austin, expanding to locations like New York City and Los Angeles What it does: Jim Collins, the founder of Kitchen United, worked in tech until he decided to open up his own restaurant in 2014. "I thought I would prematurely age less if I bought and ran my own restaurant," Collins told Business Insider. The stress of running a kitchen changed that dream for him very quickly.  By 2017, he founded Kitchen United, after seeing the challenges that his restaurant had in the face of increasing delivery demand. The company started with one location in Pasadena in 2017, and has now grown to four locations. Kitchen United partners with other brands, instead of creating its own. What makes it different: The company's funders include RXR Realty, a forward-thinking real estate owner and operator, and GV, Google's venture arm. This combination gives the company access to leaders in both real estate and tech, a big advantage in the ghost kitchen world.  Kitopi Money raised: $89 Million Investors: BECO Capital, VentureSouq, Crescent Enterprises, MSA Capital, Reshape, and more Cities / Countries it operates in: Dubai, Abu Dhabi, London, Kuwait, Riyadh, and New York What it does: Kitopi, founded in Dubai in 2018, has grown substantially across the Middle East, and launched in New York in late 2019. The company announced this March that it would partner with Nathan's Famous Hot Dogs to deliver across New York City.  The company works with restaurants to deliver food out of their ghost kitchens, using Kitopi's own chefs to prepare the food. What makes it different: The company plans to grow rapidly. When the company announced its fundraising round in February of this year,  it also announced that it planned to open 50 locations in the US and 100 globally by the end of 2020. Rebel Foods Money raised: $342.3 million Investors: Sequoia Capital, Lightbox, Coatue Management, Goldman Sachs and more Cities / Countries it operates in: 35 cities across India and Dubai What it does: Faasos, an Indian company founded in 2011, began life as a fast-food restaurant that focused on Indian food specifically. The company scored an early investment from Silicon Valley power players Sequoia Capital, and eventually renamed itself to Rebel Foods.  The company switched from traditional restaurants to delivery-only ghost kitchens, spinning off Faasos as one brand under the Rebel Foods banner in 2015. What makes it different: Rebel Foods now has more than 320 ghost kitchens across 35 cities in India, as well as in Dubai, and is the largest cloud kitchen operator in the world.  Read more: Logistics startup Bond has teamed up with SoftBank-backed REEF Technology to bring nano-warehouses to parking lots across the US. Here's how they're building the distribution hubs of the future. REEF Technology Money raised: Undisclosed Investors: Softbank Cities / Countries it operates in: Mainly the US and Canada, but expanding to Europe What it does: REEF Technology is the company's largest parking lot operator, but it doesn't picture itself as a parking company, instead using parking to  "transform underutilized urban spaces into neighborhood hubs that connect people to locally curated goods, services, and experiences,' according to its website. The company does that by providing space for light logistics companies, like its partnership with Bond, and by creating their own ghost kitchens, or in REEF parlance, REEF Neighborhood Kitchens.  What makes it different: REEF, founded in 2013 as ParkJockey, now owns 4,500 parking lots, making it able to rapidly scale up according to demand. The company partners with local restauranteurs to launch in new locations, instead of operating its own brands.  Star Kitchens Money raised: N/A Investors: N/A Cities / Countries it operates in: China What it does: Star Kitchens is quite different from others on this list, as it is not a stand-alone company, but instead a partnership between Starbucks and the Alibaba owned grocery store Freshippo.  Customers can order online, and then within 15 minutes, pick up their Starbucks order in the store. At the moment it is operational in three Freshippo stores, but there are plans to expand to other locations.  What makes it different: Star Kitchens is quite different from others on this list, as it is not a stand-alone company, but instead a partnership between Starbucks and the Alibaba owned grocery store Freshippo.  Alibaba launched Freshippo in 2016, with the intention of launching a mobile-first grocery store. The brand now includes many different retail concepts, from convenience stores to the Star Kitchens kiosks.  Sweetheart Kitchen Money raised: $23.5 million Investors: Undisclosed Cities / Countries it operates in: Dubai and Kuwait, and the company is planning to add more locations across Saudi Arabia.  What it does: Sweetheart Kitchen was founded in Dubai in 2019 by Peter Schatzberg, who had previously founded pioneering ghost kitchen company Green Summit Group in 2012.  The company has created 30 of its own food brands.  What makes it different: Schatzberg's prior experience is extremely rare in this new industry. Green Summit Group company had early success but eventually ran out of money, which could teach Schatzberg major lessons about how to run a sustainable ghost kitchen business. Read more: Meet Material Bank, a Bain-backed logistics startup disrupting the architecture industry. Here's a look at its vision for becoming the Amazon of design. Swiggy Access Money raised: $1.6 billion Investors: Prosus Ventures, DST Global, Tencent, Meituan-Dianping and others Cities / Countries it operates in: India What it does: Swiggy is India's largest food delivery service. After launching in August of 2014, it has raised $1.6 billion in funding from major venture firms like Prosus Ventures, DST global, Bessemer Venture Partners.  The company launched its ghost kitchen brand, Swiggy Access in 2017, and at the end of 2019, the company had 8,000 people working for Swiggy Access, with its eyes on 7,000 more employees by the end of 2020. The company claimed to have 1,000 ghost kitchens across the country. What makes it different: Swiggy's built-in customer base is a major boom to the business. However, it was hit hard by the pandemic, with two rounds of roughly 1,000 person layoffs, one of which hit the cloud kitchens almost exclusively. TechCrunch got ahold of an internal email where CEO Sriharsha Majety said that the company had shut down many of its kitchens as a result of the virus, many of them permanently.   Taster Money raised: $13.1 million Investors: LocalGlobe, Marc Menase, Heartcore Capital, Global Founders Capital, Founders Future, Battery Ventures, Eduardo Ronzano, Kima Ventures Cities / Countries it operates in: UK, France, and Spain What it does: Taster, founded in 2017, operates its own food brands across Europe. What makes it different: The company was founded by Anton Soulier, a former Deliveroo executive.  It doesn't handle its own real estate, and partners with companies like CloudKitchens to find locations.  Zuul Kitchens Money raised: $9 million Investors: Undisclosed Cities / Countries it operates in: New York City What it does: Zuul Kitchens, a New York City-based ghost kitchen operator, was founded in 2018 by Corey Manicone, the former director of sales for white-label delivery operator Relay.  The company acquired food-delivery tech platform Ontray earlier this year. What makes it different: The company has partnered with brands like salad-masters Sweetgreen and Asian fast-casual Junzi in its NYC ghost kitchens. By working with established brands, this should lower the marketing burden on the company.
 An efficient and thoughtful plan of action for all organizations begins with a correct statistical investigation.Another statistical research report called the Group Buying Market was included in our archive.because the population grew, favorable claims to the weather were raised, which can cause a comprehensive market.Key Player Mentioned: Groupon, GoodTwo, Meituan Dianping, Alibaba, LivingSocial, Woot, 1SaleADay, Ruelala, Hautelook, Zulily, BelleChic, Amazon, JingDongRequest Sample Copy @t: https://introspectivemarketresearch.com/request-samples.php?_id=12&_sid=8639Competitive evaluation of top market participants is another characteristic of the file, which explains indirect and direct competitors on the industry.), Asia-Pacific (China; India; Japan; Southeast Asia etc.These sectors were presented by providing information on existing and expected status until the top of the forecast period.Ask For Discount @t: https://introspectivemarketresearch.com/ask-for-discount.php?_id=12&_sid=8639The report consists of investment feasibility evaluation, global Group Buying job SWOT evaluation, investment return evaluation, and growth evaluation.
Since last year, tech funding in China has undergone a ‘capital winter’—referring to the significant slowdown in investment and fundraising activities.However, areas such as cloud, AI, and blockchain, are still generating excitement among investors, representatives from multiple domestic venture capital firms told TechNode at TechCrunch Shenzhen on Monday.“This year’s capital winter is colder than usual, but the cycle will likely soon pass,” said Duane Kuang, founding managing partner of Qiming Venture Partners, during a fireside chat at the event.The Shanghai-based venture capital firm is a prominent backer of Chinese tech giants including Xiaomi, Meituan Dianping, and Bilibili.The current capital winter can be attributed by factors in the current macro environment—the economic slowdown and the US trade tensions.On a microscopic scale, however, the past few years have seen a huge flow of capital into the tech startup space with many companies securing substantial sums.
Chinese travel giant Trip.com Group, formerly known as Ctrip.com, has entered into a partnership with TripAdvisor, as part of efforts to expand its presence in the global market.Why it matters: Trip.com, one of the largest travel agency platforms in China, is pushing for globalization as its core China-based business faces growing competition from local rivals like Tencent-backed Meituan Dianping and Alibaba-backed Fliggy.“The broad strategic partnership pairs Trip.com Group’s market leadership in travel booking capabilities and China travel market expertise with TripAdvisor’s unique brand strength, rich global user-generated content, and points-of-interest database, as well as best-in-class in-destination supply,” the company said in an emailed statement.More than 149 million Chinese took outbound trips in 2018, up 14.7% compared with 2017, according to a report from the China Tourism Academy.Chinese tourists spent more than $130 billion during these trips in 2018, up 13% year on year.“As we expand our footprint overseas, it is important that we offer not only seamless access to global travel inventory, but also quality reviews, opinions and pictures generated by other fellow travelers.
China’s market regulator reminded more than 20 e-commerce players that forcing businesses into exclusive agreements with one marketplace is illegal during a forum in Hangzhou on Tuesday.Why it matters: A focus on curbing monopolistic behavior online marks a shift in regulatory priorities for this year.China’s e-commerce players are increasingly pointing the finger at each other over such practices.At last year’s forum held prior to the introduction of the landmark E-commerce Law, regulators concentrated on misleading promotional activities and false advertising.Details: More than 20 platforms including industry giants JD, Suning, Alibaba, and Pinduoduo attended a forum organized by the State Administration for Market Regulation in Hangzhou on Tuesday.Representatives from Meituan Dianping and short-video platform Kuaishou were also present along with online pharmacy 1Yaowang and social commerce player Yunji.
Tethered to the rise of autonomous driving are the high-definition (HD) maps which function as the backbone of navigation systems for self-piloting cars.Kuandeng, a Chinese mapping solutions provider, announced Monday that it has completed a RMB 100 million (around $14.2 million) round of fundraising as the mapping sector in China heats up alongside new technology vehicles.Why it matters: HD maps help improve the safety of self-driving cars, an issue which underpins widespread adoption of autonomous vehicles (AV), by providing images of road surfaces and surrounding environments in addition to sensors and cameras.Chinese tech giants are scrambling for market entry.Huawei is setting it sights on becoming a Tier 1 supplier for smart connected vehicles in China, announcing in July that it had secured a license from the natural resources ministry to create its own precision map.Meituan Dianping reportedly acquired another Chinese mapping company, Careland, earlier this year to add muscle to its ride-hailing and unmanned delivery businesses.
Newcomer Meituan-Dianping may have overtaken travel specialist Ctrip in China’s hotel booking market, but Ctrip chief executive Jane Sun Jie is not concerned.All of our best talent is focused on travel.”That means a company like Ctrip is solely focused on giving users the best experience and service in one area, not like platform companies that focus on a wide range of businesses, she added.In March 2018, Meituan clocked 22.7 million hotel nights booked, compared to Ctrip’s 11 million, according to Trustdata, a Chinese data monitoring platform.Sun disputes these figures but Ctrip’s earnings results do not provide a breakdown of room night bookings.Meituan is more popular among smaller cities and offers cheaper hotel rooms, whereas Ctrip tends to attract more affluent consumers from big cities like Beijing and Shanghai with its inventory of high-end hotels around the country and internationally.
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