NASDAQ-listed Ctrip.com, a service provider for accommodation reservations, transportation ticketing and packaged tours, announced strategic investment in eLong, China's leader in mobile and online accommodations reservation. [Photo/Xinhua] |
NASDAQ-listed Ctrip.com, a China-based leading service provider for accommodation reservations, transportation ticketing, packaged tours and corporate travel management, announced a strategic investment in eLong by acquiring shares from its existing shareholders, including Expedia Inc.
The company eLong, which is also listed in NASDAQ, is a leader in mobile and online accommodation reservation in China with a portfolio of nearly 510,000 properties worldwide.
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