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Chinese online travel company Ctrip (CTRP -5.8%) is down sharply following Tencent's (TCEHY.PK)...
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Tuesday, May 17, 2011, 10:13 AM ETChinese online travel company Ctrip (CTRP -5.8%) is down sharply following Tencent's (TCEHY.PK) acquisition of a stake in eLong (LONG +54.2%), one of Ctrip's competitiors. Tencent is China's largest internet company, so the deal is likely to loosen Ctrip's grip on the online travel market.
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