Trip.com Group, China's largest online travel agency, has inked a strategic agreement with JD.com to expand cooperation in tourism and ecommerce.
According to the agreement, the two companies projected five visions of cooperation including reaching a wider range of users, sharing channels and resources, covering online and offline transaction scenarios, cross-industry marketing and expanding cooperation on the business travel market.
Trip.com Group committed to offer real-time tourism product inventory with competitive prices to JD.com. The tourism products are expected to be launched on JD.com within eight months.
During the COVID-19 epidemic outbreak, tens of millions of trips booked on Trip.com were canceled or rescheduled, with orders worth more than EUR 4.46 billion. China's domestic tourism has started to rebound. Trip.com said it will open a flagship store on JD.com to seize the window period of the tourist market recovery.
Trip.com Group and JD.com each owns over 400 million active users. Trip.com Group has sustained its role as a leader in China's business travel market, while JD.com owns 8 million corporate clients and tens of thousands of selected merchants.
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