Chinese firm Ctrip Group acquired travel discovery app Trip.com
Shanghai-based Ctrip Group has acquired the California-based web and mobile app Trip.com for an undisclosed amount.
Trip.com, formerly known as Gogobot, was founded in 2010 by Ori Zaltzman and Travis Katz. The travel discovery engine has an extensive hotel network of 1.2 million hotels in 200 countries and regions as well as a far-reaching flight network with more than 2 million individual flight routes. Users can take advantage of travel booking services of the company which is available on the website and mobile app in 13 languages. (Established in 1999 by James Liang, Neil Shen, Min Fan, and Qi Ji, NASDAQ-listed company Ctrip Group provides travel services such as hotel reservations, transportation ticketing, packaged tours, and corporate travel management.)
To see a list of investors from China, check the Chinese Investors Directory.
Previous Post: Chinese firm Beijing Bytedance acquired Musical.ly for $800 million
Next Post: Chinese VC firm Matrix Partners China has raised $750 million for its fund