China's Tencent And eLong Get Along
Recently eLong.com announced that Tencent Holdings Limited has made a strategic investment in eLong, acquiring approximately 11 million newly-issued shares for USD84 million.
Japan-zaixian.cn Pairs Up With Ctrip.com
Strategic Decision Initiative Inc. and Itokuro Inc. have announced that Japan-zaixian.cn, their jointly operated portal that provides Chinese citizens with information about Japan, will cooperate with China's largest online travel service provider Ctrip.com.
New Information Platform For Sichuan's Tourism Industry
Sichuan Telecom, a subsidiary of China Telecom, and the Sichuan Provincial Tourism Administration will jointly set up the Sichuan Tourism Information Industry Company to promote information services about Sichuan's tourism industry.
Sohu.com Launches Updated Travel Channel
Sohu.com, one of China's leading Internet portals, has officially launched its newly-updated travel channel, travel.sohu.com, said to be a fashionable and practical platform for 30 million users.
TripAdvisor Buys China's Kuxun.cn
Travel review website TripAdvisor has announced that it is buying Kuxun.cn, a Chinese flight and hotel search engine, as it taps into a burgeoning tourism market buoyed by China's resilient economy.
Ctrip.com Results Down In Q4
Last year was supposed to be fantastic for Chinese travel websites as they planned on the Beijing 2008 Olympics to push them to higher revenues, but Ctrip.com's unaudited financial results for the fourth quarter and year ended December 31, 2008, show that the travel industry is starting to crack under pressure in China from the […]
Beijing Court Finds For Ctrip.com In Copyright Case
The Chinese travel website Ctrip.com has won a copyright infringement lawsuit against Beijing-based travel search engine company Qunar.com.
Internet Travel Loss Widens For China's eLong.com
Chinese Internet travel provider eLong.com has reported its unaudited financial results for the second quarter ended June 30, 2008 and says while total gross revenues slightly increased, its operating loss and net loss both expanded.
Net Loss Widens For eLong.com's Chinese Internet Travel Business
Chinese Internet travel website eLong.com reported its unaudited financial results for the first quarter ended March 31, 2008 and says net loss from continuing operations worsened year-on-year by RMB31.7 million to RMB32.6 million, driven primarily by a RMB28.3 million increase in unrealized foreign exchange losses and a RMB4.1 million decrease in interest income compared to […]