Aggregated China Travel News

Daily News & Analysis
Expedia sells stake in Chinese travel service
Daily News & Analysis
Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly US $671 million. The news sent shares of the online travel company up more than 5% in midday trading Friday. Before the market opened, …

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South and Central Asia: Assistant Secretary of State for South and Central Asian …EIN News (press release)Assistant Secretary of State for South and Central Asian Affairs Nisha Biswal will travel to Beijing, China and Seoul, Republic of Korea on May …

Expedia Sheds eLong StakeInvestor's Business Daily3 U.S. online travel agency Expedia (NASDAQ:EXPE) sold its 62.4% stake in China OTA laggard eLong (NASDAQ:LONG) for $671 mil, with leader Ctrip (NASDAQ:CTRP) buying 37.6% for about $400 mil. Ctrip rose …


Investor's Business Daily
Ctrip May Tighten Grip On China OTA Boom With eLong CTRP LONG EXPE
Investor's Business Daily
The Chinese travel sites have been focusing their investments on mobile users, who will soon account for half of China's overall Internet use and are increasingly turning to their smartphones, not PCs, to buy air tickets and make hotel reservations.

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Expedia Sells Loss-Making ELong For $671M To Ctrip GroupLaw360 (subscription)Law360, New York (May 22, 2015, 5:47 PM ET) — Expedia Inc. said Friday it has sold its majority stake in the underperforming travel site eLong Inc. to a group of Chinese buye…

Expedia Unloads Loss-Making eLong For $671M To Ctrip GroupLaw360 (subscription)Law360, New York (May 22, 2015, 5:47 PM ET) — Expedia Inc. said Friday it has sold its majority stake in the underperforming travel site eLong Inc. to a group of Chinese bu…

Expedia Unloads Loss-Making eLong For $671M To Ctrip GroupLaw360 (subscription)Law360, New York (May 22, 2015, 5:47 PM ET) — Expedia Inc. said Friday it has sold its majority stake in the underperforming travel site eLong Inc. to a group of Chinese bu…

The mega-travel tours of Chinese direct marketers stun world, draw pride and …Daily JournalFILE – In this May 8, 2015 file photo, employees of the Tiens Group, a Chinese company which sells medicinal products, including via direct marketing, cheer as…


eTurboNews
Post the exit of Expedia, eLong is now set for a new chapter in online hotel booking
eTurboNews
eLong will continue to have an association with Expedia in terms of cooperating with hotel content (eLong would provide China-related and Expedia would cooperate with international content), but again it isn't clear whether this deal is going to be an exclusive one. As of now Expedia has rather a feeble presence with hotels.com and corporate travel business Egencia, but it seems Expedia has backed off for the moment from this market. While details of the new hotel platform are yet to be out, it is expected that the …

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China Stops Tibetans Leaving The Country on VacationRadio Free AsiaThe ruling Chinese Communist Party has implemented new regulations banning Tibetans in China from traveling overseas on package tours, sources in the region told RFA on Friday. Accordin…

Expedia sells stake in Chinese travel serviceKXLY SpokaneExpedia is selling its majority stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. The news sent shares of the online travel company up mo…

Expedia sells stake in Chinese travel serviceKXLY SpokaneExpedia is selling its majority stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. The news sent shares of the online travel company up mo…


Bidness ETC
Expedia Inc (EXPE) Sells Stake In Chinese Travel Site eLong For $671 Miliion
Bidness ETC
A group of buyers were involved in the transaction including Ctrip.com International Ltd (NASDAQ:CTRP), one of China's biggest travel sites, which now holds 37.6% shares of eLong acquired at $400 million, the company said in a statement today.

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Expedia sells stake in Chinese online travel agencyTravel WeeklyExpedia Inc. sold its 62% stake in China-based eLong after a decade of investment, the company said on Friday. Expedia sold its shares for $671 million to Ctrip.com International, Keystone…

Expedia sells its Majority Stake in eLong
Uncover California
On Friday, travel and hotel booking major Expedia announced that it has sold its stake in Chinese travel venture. Expedia was left with no other option, but to sell its stake its eLong Inc, as the losses in the latter company was proving taxing for Expedia's profit.

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