Travel expansion
By Ding Yining |
May 28, 2010, Friday
|
Print Edition
Print Edition
EXPEDIA Inc said it will invest at least US$50 million in China's online travel market over the next two or three years to expand its business in the country.
The United States company, which owns about 52 percent of Nasdaq-listed eLong, will consider buying other domestic online booking Websites and Internet companies to strengthen its presence.
China will also play a major role in its global business as the company hopes to increase the portion of global business to about 50 percent within five years from around 30 percent at present.
Its operations in China include a Chinese version of its tourists' online community, phone booking business and hotel and flight search engines.
The United States company, which owns about 52 percent of Nasdaq-listed eLong, will consider buying other domestic online booking Websites and Internet companies to strengthen its presence.
China will also play a major role in its global business as the company hopes to increase the portion of global business to about 50 percent within five years from around 30 percent at present.
Its operations in China include a Chinese version of its tourists' online community, phone booking business and hotel and flight search engines.
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