Culture Trip Struggles to Justify Massive Investment

Kris Naudts, founder and CEO of Culture Trip. The company has taken more than $100 million in investment. Culture Trip Skift Take: We get it, startups often have to accept substantial losses in order to quickly expand a particular business. But given the size of Culture Trip’s revenue and the market in which it operates, … [Read more…]

AirAsia Targets Startups With New Venture Capital Fund

AirAsia aircraft stand next to boarding gates at Kuala Lumpur International Airport 2 in Sepang, Malaysia. The top Asian budget carrier said Monday it has launched a venture capital fund in partnership with 500 Startups, a San Francisco-based accelerator and investor. Charles Pertwee / Bloomberg Skift Take: As an airline, AirAsia has led its peers … [Read more…]