Saunders 1865 | Skyscanner Sold to Chinese for Eye-watering Money
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Skyscanner Sold to Chinese for Eye-watering Money

Yes, there IS Life After Brexit!

This is another deal that shows there’s a lot of cause for optimism post Brexit. It’s not all about the Eurozone! The UK is attractive to buyers globally.

Skyscanner allows users to compare prices from travel sites when searching for flights, hotels and rental cars. Skyscanner has more than 800 staff with 10 offices worldwide including in Barcelona, Beijing, Budapest, Glasgow and London

Chinese companies are establishing an increasingly strong foothold in the UK. Skycanner has been acquired by Ctrip.com, a billion dollar corporation based in Shanghai.

Ctrip.com was founded in 1999 and is one of China’s best-known travel businesses. It became China’s biggest internet travel service after merging with a similar business, Qunar, last year.

With an annual turnover of £120million, 60 million monthly users and a presence in 30 languages, Skyscanner was formed in 2001 by IT professionals Gareth Williams, Barry Smith and Bonamy Grimes.

This UK travel website became the travel search engine leader and an international entity. Ctrip.com said the management of Skyscanner would remain in place and run the company independently.

If you are moving people to Shanghai, or if you’re moving there yourself, do take a look at our Moving to Shanghai Area Report

 

 

Or arrange to speak to one of our International Relocation Experts via this Contact Form

More global cities will be added to our GLOBAL DESTINATIONS page soon. Do watch out for these!

 

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