Asiatravel

Asiatravel: According to a BT article, 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. But at this stage, the potential bidders have yet to put a firm offer on the table of Asiatravel. 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. Previously in a reply to a SGX query in Mar, the company cited that they have been engaging various parties to explore all possible strategic options to strengthen its competitive position and the Group’s balance sheet.