HONG KONG -- Things were going well for KKday. The revenues of the Taiwan-based online travel site mushroomed for three years in a row. The startup drew in tens of millions of dollars from renowned investors, including Alibaba Group Holding and Line, and it broke into a string of new markets.
Travel & Leisure
Asia's travel startups battle for survival as investors pull back
Companies show entrepreneurial drive with pivot to souvenirs and meals
KKday expanded into online souvenir sales after the huge downturn in its travel business. (Photo by Yuki Kohara)
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