|
| VIEW EVENT INFORMATION: Tencent |
|
 |
Tencent And Expedia Invest $126 Million In Chinese Online Travel Marketplace eLong |
|
|
|
|
|
|
About the organization Tencent:
Type: Business
Sub-Types: Website, E-Commerce, Online Gaming, Online News, Advertising Agent, Social Networking Agent, Computer Software, Computer |
|
Notable Organizations: Tencent, Techcrunch
|
|
| Chinese internet giant Tencent and U.S. travel bookings company Expedia have invested in Chinese travel site eLong, totaling $126 million. Tencent has acquired approximately 16% of the outstanding shares for a total purchase price of $84.4 million and becomes the second largest shareholder of eLong.
Expedia has acquired approximately 8% of the outstanding shares for $41.2 million, holds 56% of… |
|
|
| Leave Comments: |
|
|
|
|
|
