May 22 (Reuters) - Expedia Inc said it sold its entire stake in online travel company eLong Inc to rival Ctrip . com International Ltd and others for about $671 million, after struggling with mounting losses at the Chinese company.
May 22 (Reuters) - Expedia Inc said it sold its entire stake in Chinese online travel company eLong Inc to rival Ctrip . com International Ltd and others for about $671 million.
Chinese online travel agency (OTA) eLong to CTrip (Priceline partner). Our view has been ..... was positioned to lose share in China to CTrip (a source of our negative moat trend rating ..... initially we view this as a positive for CTrip , as its dominance in China is strengthened
are raising our fair value estimate for Ctrip to USD 45 per ADR from USD 38 as we incorporate ..... growth assumptions are primarily driven by Ctrip 's continuous market share gain through ..... forecast to 6% from negative 1%. As Ctrip continues its rapid business expansion
Ctrip . com International 's rapid business growth in the first ..... outlook, but we maintain our view that Ctrip operates in a highly competitive industry ..... competitive in the foreseeable future. Ctrip ’s long-term profitability is unlikely
After reviewing Priceline partner CTrip and Expedia majority-owned subsidiary ..... rating on the company, and is supported by CTrip 's growing network advantage. While our ..... next decade). As compared with eLong, CTrip has a broader travel service network and
estimate for narrow moat-rated Ctrip . com International to USD 38 per ADR from USD 32 ..... brisk pace, we are confident that Ctrip can continue its strong business ..... mass-market consumers as well as Ctrip 's heavy brand-building and
that Qunar (partly owned by Baidu) and CTrip (Priceline’s partner) are best-positioned ..... danger of continued share loss. ELong, CTrip , Qunar increased marketing spending 21 ..... fourth-quarter net revenue decreased 6%, while CTrip 's and Qunar's fourth-quarter net revenue
Ctrip ’s fourth-quarter 2014 results were largely ..... online and offline marketing and promotion of Ctrip ’s mobile booking services. Management ..... equity assumption. We maintain our view that Ctrip 's shares are overvalued as the industry
increased 43% over last quarter; and Ctrip CTRP , Agoda, and Booking.com, which ..... expanding its leadership in China with its Ctrip partnership, which is crucial, as ..... 540,000 (not including 170,000 Ctrip ) properties on its network. The