Wednesday, June 01, 2005

Online Travel Service Provider eLong to Acquire Fortune Trip; Three Year Advertising Agreement with SINA

From Yahoo finance: eLong Announces Plan to Acquire Fortune Trip, One of China's Leading Hotel Consolidators; Enters Three Year Strategic Advertising Agreement with SINA

"eLong, Inc. (Nasdaq: LONG), a leading online travel service provider in China, and SINA Corporation (Nasdaq: SINA), a leading online media company and value-added information service provider for China and for global Chinese communities, today announced that they have entered into definitive agreements by which eLong will acquire Shanghai Xinwang Computer Technology Co., Ltd. and its affiliate Bravado Investments Limited which together are engaged in the business of providing online and offline hotel booking services in the People's Republic of China ("PRC") under the Fortune Trip brand name."

"eLong and SINA separately announced they have entered into a three year strategic advertising cooperation agreement whereby eLong will become SINA's exclusive hotel bookings partner in the PRC upon the closing of the Fortune Trip transaction. During this period, SINA and eLong will operate a co- branded online hotel booking channel, and eLong will receive advertising placements on SINA's website including SINA's travel channel."

Read more

China Net Invstor: Barry Diller's InterActiveCorp, which owns US online travel services provider Expedia, owns 51 percent of eLong.

Read more:
Barry Diller (IAC) infuses cash to Chinese online travel site eLong

5 Comments:

At 10:50 PM, Blogger Lexie said...

You have an interesting blog here. Some of the things people put are kind of strange...

Anyway, I like your blog and will proably be back.

Take care.

P.S. Another cool site I like is a affiliate marketing system site that is about information marketing and a little other stuff.

 
At 2:53 PM, Blogger blaze said...

You have a very good site on internet and network marketing This is something I also have a large interest in and have set up a blog about internet and network marketing please visit and let me know what you think.

 
At 12:57 AM, Blogger hassan said...

Hi :)

You have a great blog! I'll make sure to bookmark it and visit regularly. Keep up the great work!

Please visit my site if you get some time: Resell Rights eBooks

 
At 12:43 AM, Anonymous Anonymous said...

china travel services supply beijing tourtibet tourtibet traveltibet travel servicetibet tourchengdu travel agencyyangtze river cruise

 
At 10:10 AM, Anonymous bhutan holiday said...

Greatly liked your blog and has bookmarked it.

 

Post a Comment

<< Home