Deals
Priceline Expands China Options With Ctrip Investment
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Priceline Group Inc., the largest online travel agent in the U.S., will invest $500 million in Ctrip.com International Ltd. to broaden the companies’ options in China.
Priceline and Ctrip, which have had a commercial partnership since 2012, will increase their cross-promotion of each company’s hotel inventory and other travel services, the companies said yesterday in a statement.