Top Chinese firms eyeing Asiatravel.com
No firm offer yet from potential suitors but 'beauty parade' possible
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Anita Gabriel
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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.
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