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Expedia increases its stake in China online travel agency eLong

06/04/2010| 9:51:45 AM| 中文

In a regulatory filing May 28, on the eve of the long holiday weekend, Expedia revealed that it purchased 16.9% of eLong’s ordinary shares.

Expedia Inc., which already exercised majority control of Chinese online travel agency eLong, has gone ahead and increased its stake.

In a regulatory filing May 28, on the eve of the long holiday weekend, Expedia revealed that it purchased 16.9% of eLong’s ordinary shares.

Expedia states that the purpose of the transaction was to increase its investment in eLong.

Read the full story at http://www.tnooz.com/2010/06/01/news/expedia-increases-its-stake-in-china-online-travel-agency-elong/

TAGS: Expedia
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