Tag Archives: ctrp

Alibaba’s Alitrip Shakes Up China Online Travel Game

Alibaba Group’s new Alitrip travel website in China is drawing a competitive response from Expedia, which has carved out a successful presence in Chinese online travel through its local unit, eLong. Expedia (EXPE), based in Bellevue, Wash., has long regarded Shanghai-based Ctrip.com (CTRP) as its chief rival in China. But Alibaba ‘s (BABA) Oct. 27 announcement that it’s turning Taobao Travel, part of Taobao.com, into an independent website named

Ctrip.com Gets Analyst Downgrade After Q3 Earnings

Ctrip.com International (CTRP) earned a downgrade from one analyst after the company’s third-quarter earnings report late Tuesday revealed tighter-than-expected operating margins due to increased competition for China’s leading travel consolidator. The company’s stock took a dive, plunging more than 9% to about 53 on the stock market today. Ctrip allows consumers to buy hotel rooms, airline tickets and packaged tours through its call center and

Ctrip Investment Gives Priceline Leg Up In China

Ctrip.com International stock surged more than 10% in midday trading in the stock market today. The surge comes after Priceline Group said late Wednesday that it’s expanding its partnership with Ctrip, China’s largest Web travel agency, by investing $500 million, giving Priceline as much as a 10% stake in Ctrip. Priceline (PCLN) also said that it will get the right to appoint an “observer” to Ctrip.com ‘s (CTRP) board based on the transaction.