【Global Network Technology Reports】 On April 26, 2017, China Youth Travel Business Travel Company, a professional travel management company under China Youth Travel Group, one of the largest travel groups in China, signed a contract with China’s leading travel expense and supply chain management service provider, Baoku Online. In the strategic cooperation agreement, the two parties are forging ahead with each other, and will combine the rich travel resources of CYTS Business Travel with the outstanding scientific and technological strength of Treasury Online to jointly provide high-quality travel management and services for corporate customers.

Cai Chunying, General Manager of CYTS Business Travel (left 2) and Wang Xuesong, CEO of Baoku Online (left 3)

Chong Zhengjun, CEO of CYTS Holdings, Cai Chunying, General Manager of CYTS Business Travel, and Wang Xuesong, CEO of Treasure Store attended the signing ceremony. Zhao Yuan, Deputy General Manager of CYTS Business Travel Service, and Huang Tiejun, General Manager of Treasure Store Online Platform signed the contract on behalf of the two parties. Representatives of partners from Air China, Eastern Airlines, China Southern Airlines and Hainan Airlines, and representatives from companies such as Sohu Group, AsiaInfo Technology, China Resources Shuanghe, Blue Cursor, Olympus, Yinhua Fund, Sino-German Securities, etc. People's Daily Online, China News Service, and China Radio Media attended and witnessed the signing ceremony.

CYTS is the first A-share listed company in the travel agency industry in China and the first 5A-level travel agency in Beijing. It has a series of well-known domestic tourism companies and product brands such as CYTS, Wuzhen, Shanshui Hotel, Yiyou.com, and Baixue Free Travel. In 2014 and 2015, Wuzhen, controlled by CYTS, successfully hosted two sessions of the World Internet Conference and became a permanent venue for this world-class event. The CYTS Business Travel Company under the CYTS is a professional business travel management company with a complete hotel and aviation resource procurement system and strong financial strength. It provides full-scale differentials for airline tickets, hotels and travel extensions for large and medium-sized corporate customers and business people. Travel services, which reduce the cost of business travel for customers and enhance the value of customers’ business travel, have so far provided high-quality travel for large and medium-sized customers such as Sohu Group, Olympus, Blue Cursor, Yinhua Fund, Sino-German Securities, and OCBC Bank. service.

Treasure Store Online is a leading enterprise travel expense and supply chain management expert in China. It provides business users with travel expenses and process management tools, supply chain management tools, travel trading platforms, payment platforms, and clearing centers through cloud-based multi-terminal SaaS applications. , data collection and analysis, and seven administrative service sharing center capabilities, through science and technology to help enterprises achieve transparent management compliance, cost reduction and efficiency, and ultimately improve the level of enterprise management and competitiveness. Since its establishment, Treasury Online has assisted China Construction Bank, China Foods, AsiaInfo Technology, Sohu and other thousands of large and medium-sized enterprises to establish a travel system. Treasures Online also successively developed a travel system and a centralized government procurement system for airlines such as Air China, Shenzhen Airlines, Hainan Airlines, Sichuan Airlines, and Shandong Airlines. The scientific and technological strengths lead the travel management service industry. At the same time, Treasure Online also provides a technology platform for Travel Service Companies (TMC) to help TMC serve their customers.

With the rapid development of China's economy, the Chinese travel market is also experiencing amazing growth. According to the data from the Global Business Travel Association (GBTA), China’s business travel expenditure has surpassed that of the United States and has become the world’s largest market. However, for a long time, Chinese enterprises have generally lacked effective management of travel, complicated and complicated processes, low efficiency, low cost transparency and huge waste, and employees have complicated travel procedures and poor experience. In this context, CYTS and Treasures Online will open up resources and channels for both parties, providing one-stop coverage of all travel processes, controls, and travel needs of corporate users, providing users with a good user experience. In addition, the two parties will jointly promote products and services to corporate customers, develop customer resources, and conduct in-depth cooperation in market promotion and other aspects to jointly promote the transformation and upgrade of China's trillion market.

“The Chinese business travel market has tremendous opportunities and potential,” said Cai Chunying, general manager of CYTS Business Travel Service. “The combination of CYTS Business Travel's strong travel service capabilities and Treasure Store’s leading scientific and technological capabilities will enable us to better expand our market and service businesses. For the company to achieve greater customer value and bring a better user experience."

Wang Xuesong, CEO of Treasure Store Online, said: “The continuous advancement of technology and the renewal of management concepts have made it possible for high-efficiency and high-quality travel management. Baoku Online is proud to partner with CYTS as an outstanding service provider, relying on both parties to the industry. We will deeply understand and implement multi-user best practices, effectively help enterprises reduce costs and increase efficiency, and improve the overall management level. We are also willing to work together with upstream and downstream of the entire industrial chain to build a healthy travel ecosystem.” ”

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