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Skyscanner acquired by Ctrip for $1.7B

ir.ctrip.com

31–40 of 87 posts

Re: Skyscanner acquired by Ctrip for $1.7B

#31
post #11

Interesting -- this may be the largest foreign acquisition by a Chinese internet company to date? Largest I'm aware of was Riot Games by Tencent, which was on the order of $400 million.

Tencent also bought Supercell for $8.6 billion.

Yes, but they bought it from Japan's Softbank, which had purchased it previously.

Re: Skyscanner acquired by Ctrip for $1.7B

#32
post #23
post #7

Skyscanner is based in Edinburgh, with another large office in Glasgow. This is huge news for the Scottish tech scene, and will hopefully bring much needed cash to help it thrive. There's a lot of interesting stuff happening here in all types of tech. Sadly Scotland's other unicorn, FanDuel, looks set to close its hq in Edinburgh after merging with draft kings. However, that will probably release a lot of talent to h…

> happening here Does that mean you're living there? I'm curious what the prospects are like there. There's been more discussion lately about us Americans looking for work abroad. My wife is finally on board with making a move out of the US as a family, so I'm glad it's being discussed more.

Prospects are good generally for technology talent. I'm in Tokyo now. Take a big chunk of vacation and visit several places that you have considered moving. Once you've visited and met other expats, you'll know what it's really like. The biggest barrier is your own decision.

Re: Skyscanner acquired by Ctrip for $1.7B

#33
post #22

Earlier quoted context omitted.

So if Twitter were bought by a Chinese company it would be the same as being bought by a British company?

I have a hard time understanding what's implied by questions like this, particularly in online forums. I'd rather not assume, as that could easily lead to misunderstanding. In the interest of discussion, would you say what you mean rather than make me guess?

Hard to believe you're so unaware about the world that you'd write that unironically.

Re: Skyscanner acquired by Ctrip for $1.7B

#34
post #22

Earlier quoted context omitted.

I have a hard time understanding what's implied by questions like this, particularly in online forums. I'd rather not assume, as that could easily lead to misunderstanding. In the interest of discussion, would you say what you mean rather than make me guess?

Hard to believe you're so unaware about the world that you'd write that unironically.

It's more being very aware of the world and the varied perspectives of the people in it.

Why is it hard for you to say what you mean instead of making snarky implications? Given your responses so far, I'm not hopeful that this thread is likely to be constructive. Be well.

Re: Skyscanner acquired by Ctrip for $1.7B

#36

From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong, both of whom were already Nasdaq listed with deep pockets. I successfully grew the business to the same network size as the competitors on a shoestring budget through automation, undercutting them on almost every property, and even offered services in six human languages (they almost managed 2). We received rave revi…

> From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong

So it's hotels only? No flights, cars etc?

Re: Skyscanner acquired by Ctrip for $1.7B

#37

From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong, both of whom were already Nasdaq listed with deep pockets. I successfully grew the business to the same network size as the competitors on a shoestring budget through automation, undercutting them on almost every property, and even offered services in six human languages (they almost managed 2). We received rave revi…

> From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong So it's hotels only? No flights, cars etc?

Yep. Flights in China are routed through a single government clearing house not multiple commercial systems as per the west. In addition, at that time tickets still required physical delivery to the customer. Therefore, we considered it was too much hassle to go through the government approvals in order to compete with established local providers, a market which remains very fragmented. Car rental is beginning to take off now, but was exceptionally rare at that time.

Re: Skyscanner acquired by Ctrip for $1.7B

#39
post #18
post #7

Skyscanner is based in Edinburgh, with another large office in Glasgow. This is huge news for the Scottish tech scene, and will hopefully bring much needed cash to help it thrive. There's a lot of interesting stuff happening here in all types of tech. Sadly Scotland's other unicorn, FanDuel, looks set to close its hq in Edinburgh after merging with draft kings. However, that will probably release a lot of talent to h…

Yes this really is phenomenal news for Scotland. Here's hoping they were generous with stock and we see a new wave of angel investors emerge. According to https://angel.co/skyscanner-2 they last raised almost 200m at a 1.6b valuation. I wonder what kind of terms were attached to that. I'm guessing investors will have walked away with a pretty large chunk of the sale.

Through angel.co link, I realise that Sequoia Capital is major investor in them. I can't help but wonder how Sequoia Capital has a share in majority of exists/current "unicorn" companies.

Re: Skyscanner acquired by Ctrip for $1.7B

#40

From about 2005-2009 I founded a hotel reservation platform in direct competition to CTrip and ELong, both of whom were already Nasdaq listed with deep pockets. I successfully grew the business to the same network size as the competitors on a shoestring budget through automation, undercutting them on almost every property, and even offered services in six human languages (they almost managed 2). We received rave revi…

What do you think of the current competitors like Tuniu.com and Qunar.com?
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