Seeking Alpha

Ctrip takes $200M stake in ticket-selling site

  • Ctrip (CTRP -1.7%) is investing $200M in the parent of LY.com, a leading Chinese online ticket-seller for local attractions. The deal will make Ctrip the company's #2 shareholder.
  • LY.com's ticket offerings complement Ctrip's hotel, air ticket, and packaged tour booking services. Ctrip is are trading lower on a rough day for tech stocks in general, and Chinese Internet stocks in particular.
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