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[ihuxiu]

NetEase and HNA Announced Joint Venture, With Eye On Internet Tourism

May 20 -- Lede Tech of Netease Group and Hainan Airlines Group signed a cooperation in Hangzhou, announced a joint venture in the area of Internet travelling.

In December Netease and HNA had announced a strategic partnership, under the framework agreement the two sides both would actively promotes outbound tourism and financial services, intellectual attractions, aviation member services and other Internet applications and other innovative business models, to promote comprehensive upgrade of the entity of resources.

Vice Chairman of HNA Group Chen Wenli, Director of HNA Group and Chairman of HNA Tour Zhang Ling, Executive President of HNA Group Li Xiaoming, NetEase CEO Ding Lei, NetEase VP and Lede CEO Fang Yue attended the signing ceremony.

The newly annouced joint venture will focus on the development of Internet travel business, particularly the traveller guide, travel tours and a full line of exclusive travel services, in order to build a one-stop platform of tour services.