New competition for CTRP and LONG

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 |  Includes: CTRP, LONG, ZNH
by: Ezra Marbach

According to the Guangzhou Daily, China Southern Airlines (NYSE:ZNH) has signed an agreement with a British company to
set up an online business travel services joint venture in China. ZNH and the British company will each invest $210 million. They target
opening 1,000 chain stores in three years. Airfare and hotel booking
services will be the company's primary businesses.