Chinese Web travel firm Ctrip.com International (CTRP) led a more than $100 million investment in Shanghai-based eHi Auto Services, a privately held car rental company, along with existing investors in eHi. EHi said in a press release Friday that Ctrip will become its second-largest strategic partner, after U.S.-based Enterprise Holdings, which invested in eHi in 2012. Ctrip is accelerating its interest in China’s booming car rental business. In
Ctrip.com International (CTRP) stock was up nearly 6% in afternoon trading in the stock market today on what Oppenheimer analyst Andy Yeung said seemed to be a “general” uplift among the Chinese Internet sector Tuesday. “The sector has been up quite a lot today,” Yeung said. He and other analysts, however, weren’t aware of any specific news regarding Ctrip.com. China search leader Baidu (BIDU) was up 4.5% in afternoon trading Tuesday. Online media
Expedia’s (EXPE) unit Hotels.com said Tuesday that its mobile travel apps have been downloaded over 25 million times globally, setting a milestone for the hotel booking unit. Hotels.com also says it’s launched a new app specifically for Amazon.com (AMZN) Kindle Fire users. Expedia is continuing to make mobile app availability development a priority as rivals such as Priceline (PCLN) and China’s Ctrip.com International (CTRP) and metasearch travel