TOKYO--(BUSINESS WIRE)--CAC Holdings Corporation (TOKYO: 4725) has invested in tourcandy Inc., which operates a restaurant booking and payment service “Xunwei” aimed at foreign tourists visiting Japan. With the current rapid increase in foreign visitors to Japan, the investment in tourcandy is a starting point for the CAC Group to enter inbound business.
The “Xunwei” service operated by tourcandy is a platform aimed at foreign visitors to Japan, enabling them to make bookings and advance payments online for restaurants all over Japan. The service was launched in 2016, and it currently has more than 100 million users, primarily Chinese-speaking tourists. “Xunwei” has business partnerships with over 700 restaurants in Japan. Users enjoy the benefits of a highly convenient service, and restaurants enjoy the benefit of deterring no-shows, as payments are made in advance.
The CAC Group established CAC Shanghai in Shanghai City, China in the year 2000, working to promote offshore system development and to expand the IT business in China. The business collaboration with tourcandy will go beyond just a capital tie-up: we plan to develop systems, attract users, provide support including developing new restaurant partnerships through CAC Shanghai, and offer complete support for the expansion of tourcandy’s business.
In our Medium-Term Strategy starting this fiscal year, CAC Holdings has defined the development of rapidly growing inbound business as one of our primary business policies. The effective utilization of IT is an essential factor to harness inbound demand. Making use of the CAC Group’s technical expertise and our extensive group network covering five overseas countries and professionals of many nationalities, we will pursue areas such as medical tourism and regional revitalization, working to expand and develop this new project of inbound business.
About CAC Holdings
CAC Holdings Corporation is a holding company of the CAC Group, which
provides IT and healthcare services in Japan and overseas. The CAC Group
offers a wide range of services, including IT services and HR BPO
services providing management solutions for businesses, pension
management systems and pension system research in social security
fields, and services supporting pharmaceutical development. Through
these services and activities, we contribute to building a better