Sohu IT, 7/06/11
An industry source has said that Chinese online travel service provider Ctrip (Nasdaq: CTRP) recently finalized its acquisition of Chinese ticketing site 99Pto.com.
According to information available through the Shanghai Administration for Industry and Commerce (SHAIC), the listed legal representative for 99Pto.com operator Shanghai Xuntu Ticketing is Li Xiaoping, whom Ctrip has confirmed currently serves as its own vice president.
A spokesperson for Ctrip declined to either confirm or refute the news regarding 99Pto.com. The same spokesperson did, however, confirm that the two companies are partnered on certain operations, such as Ctrip's service in selling high-speed and conventional rail tickets. The source also noted that all Ctrip capital operations are made known through the company's listing announcements.