Ctrip takes $200M stake in ticket-selling site

|By:, SA News Editor

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.