Scalper1 News
A recent rumor about Ctrip buying Expedia’s eLong is part of a trend that finds China’s big Internet companies looking for acquisitions. China e-commerce leaders Tencent and Alibaba are among the companies hitting the acquisition trail, with China’s business circles rife with unconfirmed reports about deals real or imagined. Alibaba is under the magnifying glass as its U.S. IPO nears. Tencent recently said it plans to take a 19.9% stake in 58.com Scalper1 News
Scalper1 News