iamWire | Expedia Sells Majority Stake in Chinese Partner eLong for $671 Million iamWire American travel portal Expedia has sold its majority stake of 62.4% in loss making Chinese partner eLong for a sum of $671 million. Expedia didn't specify its reasons for the exit from China, but eLongs inability to make profits could be a major reason. eLong ... |
2015-05-25
Expedia Sells Majority Stake in Chinese Partner eLong for $671 Million – iamWire
Aggregated Source: China Travel - Google News
Copyright China Travel - Google News
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