Ctrip Group’s Oasis Lab, the largest travel innovation hub in Asia,
signed a strategic partnership with Plug and Play, a Silicon
Valley-based global innovation platform for startups, corporations
and investors, aiming to support innovation in the travel industry.
As Plug and Play’s first global partner in the travel vertical,
Ctrip will play an active role in Plug and Play’s ecosystem
worldwide and will contribute to the technology focus areas of Plug
and Play’s Travel & Hospitality platform particularly in China.
These include Artificial Intelligence, Machine Learning, Big Data
Analytics, Natural Language Processing, Augmented Reality, Virtual
Reality, Internet of Things, etc.
Through its collaboration with Plug and Play, Ctrip will gain
immediate access to the largest corporate innovation platform in
the world, comprised of promising early and late stage startups
from around the globe, bringing product, process and business model
innovation to the travel and hospitality industry. As an official
partner of Plug and Play’s open innovation ecosystem, Ctrip will
share insights and draw inspiration through collaboration with
renowned corporations from various industries. Together, Ctrip and
Plug and Play aim to elevate a traveller’s journey by creating a
more seamless end-to-end experience from pre-trip inspiration to
post-trip reflection.
The strategic partnership between Ctrip and Plug and Play will
also create a new sourcing channel for Ctrip’s Oasis Lab to invest
in early-stage startups. Plug and Play was cited by Silicon Valley
Business Journal as the most active investor over the past two
years with 262 investments in 2017, of which 162 were made in North
America. Prior to Ctrip, Plug and Play Travel & Hospitality
already partnered with 24 corporations across sectors such as
airports, hotels, online travel agencies and travel management
companies. Some of the notable names include Manchester Airport
Group, Changi Airport, Star Alliance, JetBlue Technology Ventures,
AirAsia, Delta Air Lines, Singapore Airlines, Accor Hotels, TUI
Group, Yotel, trivago, Carlson Wagonlit Travel and Flight Centre
Travel Group.
Oasis Lab is an extension of Ctrip Group’s internal incubation
program focusing on providing opportunities for innovation in the
consumption sector. Oasis Lab focuses on early-stage and
angel-round investments that emphasize the potential of an idea to
turn into future growth. Plug and Play Travel & Hospitality, as
one of Plug and Play’s fourteen industry-themed verticals, aims to
discover, support and scale disruptive technologies that are
defining the future of travel.
Margaret Feng, Head of Ctrip Oasis Lab said, “Plug and Play is
an important global platform. Ctrip’s partnership maximizes our
global exposure and as we leverage our resources, we are able to
foster innovation and enhance ideas from the travel and hospitality
industry.”
“We are delighted to bring Ctrip on board as one of the top
Chinese internet companies. Our ecosystem enables unparalleled
horizontal access for Ctrip’s Oasis Lab to review strategic
investment opportunities globally,” said Lio Chen, Managing
Director at Plug and Play. “While Ctrip has already made Forbes
list of World’s Most Innovative Companies, we at Plug and Play are
committed to discovering new catalysts to fuel Ctrip’s pursuit of
innovation in product services to meet the ever-changing demand of
travelers.”
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours and corporate travel management in China. It is
the largest online consolidator of accommodations and
transportation tickets in China in terms of transaction
volume. Ctrip enables business and leisure travelers to make
informed and cost-effective bookings by aggregating comprehensive
travel related information and offering its services through an
advanced transaction and service platform consisting of its mobile
apps, Internet websites and centralized, toll-free, 24-hour
customer service center. Ctrip also helps customers book vacation
packages and guided tours. In addition, through its corporate
travel management services, Ctrip helps corporate clients
effectively manage their travel requirements. Since its inception
in 1999, Ctrip has experienced substantial growth and become one of
the best-known travel brands in China.
About Plug and Play Plug and Play is a
global innovation platform. Headquartered in Silicon Valley, we
have built accelerator programs, corporate innovation services, and
an in-house VC to make technological advancement progress faster
than ever before. Since inception in 2006, our programs have
expanded worldwide to include a presence in over 20 locations
globally giving startups the necessary resources to succeed in
Silicon Valley and beyond. With over 10,000 startups and 280
official corporate partners, we have created the ultimate startup
ecosystem in many industries, including Travel &
Hospitality. We currently work with JetBlue Technology Ventures,
Carlson Wagonlit Travel, Accor Hotels, AirAsia, Swissport, Star
Alliance, trivago, Delta Air Lines, Changi Airport, TUI Group and
many more. We provide active investments with 200 leading
Silicon Valley VCs, and host more than 700 networking events per
year. Companies in our community have raised over $7 billion in
funding, with successful portfolio exits including Danger, Dropbox,
Lending Club, and PayPal. For more information,
visit www.plugandplaytechcenter.com
For further information, please contact:
International PRCtrip.com International, ltd.Tel: (+86) 21 3406
4880 ext 196455Email: Pr@ctrip.com
Plug and Play ChinaMarcy LiMARCOM ManagerTel: +86-10-8288
8112Email: xuena.li@pnpchina.com
Plug and Play ContactAllison Romero Director, Marketing Email:
allison@pnptc.com
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