SHANGHAI, May 22, 2015 /PRNewswire/ -- Ctrip.com
International, Ltd. (NASDAQ: CTRP), a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours and corporate travel management in China ("Ctrip" or the "Company") today
announced its investment in eLong, Inc. (NASDAQ: LONG) ("eLong")
through acquiring eLong shares from certain selling shareholders,
including Expedia, Inc. (NASDAQ: EXPE) ("Expedia"), together with
several other investors. Ctrip acquired a 37.6% equity stake
in eLong for a total purchase price of approximately $400 million.
In addition, Ctrip and Expedia have agreed to cooperate with
each other to allow their respective customers to benefit from
certain travel product offerings for specified geographic
markets.
The transaction closed on May 22, 2015.
About Ctrip.com International, Ltd.
Ctrip.com International, Ltd. is a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours, and corporate travel management in China. It is the largest online consolidator
of accommodations and transportation tickets in China in terms of transaction volume. Ctrip
enables business and leisure travelers to make informed and
cost-effective bookings by aggregating comprehensive travel related
information and offering its services through an advanced
transaction and service platform consisting of its mobile apps,
Internet websites and centralized, toll-free, 24-hour customer
service center. Ctrip also helps customers book vacation packages
and guided tours. In addition, through its corporate travel
management services, Ctrip helps corporate clients effectively
manage their travel requirements. Since its inception in 1999,
Ctrip has experienced substantial growth and become one of the
best-known travel brands in China.
For further information, please contact:
Investor Relations
Ctrip.com International, Ltd.
Tel: (+86) 21 3406 4880 X 12229
Email: iremail@ctrip.com
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SOURCE Ctrip.com International, Ltd.