Top Chinese firms eyeing Asiatravel.com
No firm offer yet from potential suitors but 'beauty parade' possible
Add BT as a preferred source
Anita Gabriel
DeeperDive is a beta AI feature. Refer to full articles for the facts.
TWO Chinese giants - a leading online travel firm and an e-commerce heavyweight - may be vying for a slice of Singapore-listed Asiatravel.com to tap the booming e-ticketing travel space in China.
The potential bidders have yet to put a firm offer on the table of Asiatravel, an online travel reservation service provider, but a "beauty parade is on hand", according to an industry source.
If the plan pulls through, it will follow hot on the heels of a major deal in the e-commerce space in another Singapore-listed firm which was only just announced - Alibaba's planned purchase of a 10.35 per cent stake in national postal carrier Singapore Post.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
