Shenzhen, China, June 5, 2015 /PRNewswire/ — Recently, Shenzhen Tempus Global Business Service Holding Co., Ltd. (hereinafter referred to as “Tempus Global” or the “Company”, stock code: 300178), supported Beijing Tempus Easytrip Business Services Co., Ltd. (referred to as “Beijing Tempus”) in completing the acquisition of Tianjin Dazhe International Travel Agency Co., Ltd. (referred to as “Tianjin Dazhe”). This move aims to intensify its expansion in the North China market, further solidify Tempus Global’s leading position across Beijing, Tianjin, and Hebei, and achieve satellite-style expansion through acquisitions centered around Beijing.
In 2014, Tianjin Airport once again set a new annual passenger throughput record, exceeding 12 million passengers, representing a year-on-year growth of 20.4%. These impressive figures reflect the rapid, steady development and immense potential of Tianjin’s civil aviation industry. Recently, the coordinated development of air transport in the Beijing-Tianjin-Hebei region was officially launched, and construction began on the airport access line project for the Beijing-Tianjin Intercity Railway. Once completed, passengers will be able to travel directly from Beijing South Railway Station to Tianjin Airport in just 45 minutes via the intercity train. Coupled with a network of city departure lounges across multiple cities in the Beijing-Tianjin-Hebei region and a seamlessly integrated transportation system, this further promotes the “Tianjin as Beijing” same-city effect. Tianjin Airport is gradually becoming the second aerial gateway to Beijing.
Therefore, Tempus Global sees great potential in Tianjin’s civil aviation service market and has acquired Tianjin Dazhe. As a leading player in the local airline agency market, Tianjin Dazhe achieved sales exceeding RMB 1.3 billion in 2014, with a market share of over 25% in Tianjin. The company maintains a comprehensive and rational business structure and strong profitability. Thanks to its widely recognized 24-hour customer service hotline 96666, Tianjin Dazhe has built a large and loyal direct customer base, as well as long-term corporate clients among TMCs. It has earned widespread praise for its high-standard operational expertise, conscientious work attitude, and quality service, achieving unanimous market recognition for its premium services.
Following the acquisition, Tempus Global will inject its brand, IT systems, and product resources into Tianjin Dazhe to accelerate its transformation from an airline ticket agent to a full-fledged travel service provider. In addition to leveraging its existing advantages in air ticket policies, Tianjin Dazhe will expand its offerings to include diversified travel resources and financial products. Tempus Global will lead the airline ticket agency industry to explore greater opportunities, provide a model for transformation, and jointly step into the broader travel market with vast potential. The synergy between Beijing Tempus and Tianjin Dazhe will capitalize on their strengths in on-the-ground services. Amid the ongoing integration trend of air transport in the Beijing-Tianjin-Hebei region, the two companies will achieve closer and deeper collaboration, working together to tap into the larger East China market.
According to Tempus Global’s latest announcement, the company plans to build an O2O international omnichannel operation platform over the next three years. This includes the development of an O2O online operation platform system, the establishment of domestic offline operation service centers, and the creation of international offline operation service centers. Since its IPO, Tempus Global has pursued a national expansion strategy, and the O2O operation platform project represents an upgrade of that strategy. The plan involves setting up operation service centers across China and in major countries along the Belt and Road, while also developing an online procurement and distribution platform to facilitate interaction between online and offline channels. The acquisition of Tianjin Dazhe strengthens its dominance in the North China region, and subsequent plans include the establishment of more than 20 new operation service centers nationwide, achieving full coverage of provincial capital cities. In line with the national Belt and Road strategy, Tempus Global will also select key regions along the Belt and Road based on international passenger traffic rankings, building international operation service centers either through self-construction or acquisition, and forming a global operation team.