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ELong made a profit of 31.46 million yuan in second quarter, which included the penalty for breach of contract. ELong made a profit of 31.46 million yuan in second quarter, which included the penalty for breach of contract. Ly.com Ltd. paid 30 million yuan as the penalty for breach of contract. ELong got a clear profit of 10 million yuan.
Ly.com Ltd. abandoned its old cooperative partner and moved to Ctrip.com International Ltd. (CTRP), and then the Priceline Pty Ltd, world’s largest online travel agent also has a stake in CTRP. This situation embarrassed eLong, Inc. CTRP ：
Ctrip.com International Ltd. (CTRP), founded in 1999, is headquartered in Shanghai, China. The company has 17 branch offices in Beijing, Guangzhou, Shenzhen and other major cities throughout China. In 2010, Ctrip invested in Taiwan ezTravel and Hong Kong Wing On Travel, expanding its service scope to include Taiwan, Hong Kong and Macau, in addition to over 60,000 destinations and attractions throughout Mainland China. In 2014, Ctrip invested in ToursForFun, expanding its reach to North America. ELong, Inc.
eLong, Inc.is a leader in mobile and online accomodations reservations in China offering consumers a leading network of domestic and international properties worldwide. eLong uses innovative technology to enable travelers to make informed lodging, air and train ticket booking decisions through convenient mobile and tablet applications, websites and easy to use tools such as destination guides, photos, maps and user reviews. eLong’s largest shareholders are Expedia, Inc. (Nasdaq: EXPE) and Tencent Holdings Ltd. (HKSE: 0700). eLong operates websites including www.elong.com and www.elong.net. |
