Digital Booking Sites

Ctrip Invests Up To $200 Million In Chinese Travel Service LY.com

Excerpt from Marketwatch

Apr 28, 2014 10:20 am

Skift Take

Tours, attractions and tickets are hot this year in China with Qunar making a big push, and now Ctrip, as well.

— Jason Clampet

Free Report: The State of Student Travel


Ctrip.com International the Chinese online travel giant, has taken a stake in local ticketing provider LY.com, for a cash consideration of up to $200 million.

The strategic investment is being made through Ctrip subsidiary Shanghai Ctrip International Travel Agency Ltd and will make Ctrip the largest shareholder in Tongcheng behind only its own management team.

Read the Complete Story →

Tags: , ,

Next Up

More on Skift

Skyscanner Acquires Mobile Developer in Bid to Improve Hotel Booking
U.S. Outbound Tourism Snapshot for July 2014
Business Travelers Unsure if ‘Bleisure’ Travel Is Allowed, But Doing It Anyway
Free Webinar: How To Effectively Personalize Marketing Across Travel Sectors