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Market Cap of China's Listed Internet Firms Down 4.2% QoQ in Q1 2020

CAICT, 4/30/20

Battered by the COVID-19 pandemic in Q1 2020, total market cap of China's publicly traded Internet companies dropped 4.2% QoQ to RMB 11.10 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

Market Cap of China's Listed Internet Firms Up 18.3% QoQ in Q4 2019

CAICT, 1/14/20

Buoyed by a general rise in the global stock market in Q4 2019, total market cap of China's publicly traded Internet companies increased 18.3% QoQ to reach a record-high RMB 11.59 trln, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

Market Cap of China's Listed Internet Firms Up 0.5% QoQ in Q3 2019

CAICT, 10/15/19

The market value of China's publicly traded Internet companies continued to fluctuate in Q3 2019 against the backdrop of ongoing Sino-US economic and trade frictions, reaching a total market cap of RMB 9.8 trln, up 0.5% QoQ, reports the Policy and Economics Research Institute of the China Academy of Information and Communications Technology (CAICT), a department of China's Ministry of Industry and Information Technology (MIIT). Read More

Baidu Launches In-app Applet Function

IT Home, 7/04/18

Chen Dou, a vice president at Chinese internet conglomerate Baidu (Nasdaq: BIDU), recently announced a new Baidu smart in-app applet function at the company's Baidu Create 2018 AI developer conference in Beijing. Read More

Meituan-Dianping, Chinese Government Ally on Credit Information Sharing

China Securities Journal, 3/07/18

Chinese online ratings, group buy, and food O2O business Meituan-Dianping and China's National Development and Reform Commission (NDRC) and State Information Center (SIC) recently signed a credit information sharing partnership agreement, according to which the parties will use the NDRC-managed "Credit China" website to share credit-related information resources and accelerate the introduction of coordinated rewards and disincentives in the finance domain. Read More

Ctrip to Offer Bundled Hotel Services with Room Bookings

Travel Daily, 8/30/17

Chinese online travel service provider Ctrip (Nasdaq: CTRP) recently launched a "Hotel + X" feature to help hotels sell reservations that include other services, such as food and beverage, airport chauffeuring, spa treatments, and ticketing services. Read More

Ctrip Launches New Standards to Improve Selection of Mid-range Package Tours

Sina Tech, 6/21/17

Chinese online travel service provider Ctrip (Nasdaq: CTRP) recently announced that it has launched a new standards mechanism for mid-range package-tour services, covering hotels, airlines, car rentals, and shopping services, under a "New Diamond Standards" program. Read More

Ctrip to Launch Car Rental Service

TechWeb, 6/09/17

The car rental division of Chinese online travel service provider Ctrip (Nasdaq: CTRP) recently announced that it will start offering a car rental service, which will cover airports and train stations in major cities throughout China. Read More

Tongcheng Denies Rumor of Merger with eLong

Tencent Tech, 4/13/17

Suzhou-based online travel service provider Tongcheng Network Technology (Tongcheng Travel) today denied recent rumors that it plans to merge with Chinese online travel service provider eLong and list on one of China's domestic A-shares stock exchanges, and said that it will give an update regarding its capital operations in the near future. Read More

Ctrip, Qunar Vacation Business Units to Merge

Sina Tech, 11/22/16

Yang Tao, CEO of Chinese online travel service provider Ctrip's (Nasdaq: CTRP) vacation travel business, recently sent an internal company-wide email announcing that Ctrip's vacation business unit (VBU) will merge with the vacations division of online travel services firm Qunar (Nasdaq: QUNR). Read More