Through the Transactions, the Group is able to tap into the full ecosystem of tourism related business.
The acquisition has deepened the online travel platform’s cooperation with over 10,000 hotels.
Alibaba holds a 5% stake in UTour while HNA Group owns more than 21% shares of Caissa Tosun.
Last month, Guangzhilv announced that it will acquire Shanghai Shenshen International Travel Service to set up its eastern destination-service system.
A source told ChinaTravelNews that Klook spent less than USD 10 million in its acquisition of Huizhuche, a price tag much lower than the car rental firm's claimed value after its series B round.
