Rumor: Ctrip Mulls Dianping, Meituan Investment

21st Century Business Herald, 5/14/14

A source close to Chinese online travel service provider Ctrip (Nasdaq: CTRP) has revealed that the company is considering an investment in either Meituan or Dianping, both group buy sites. According to the source, Ctrip chairman and CEO James Liang has met with CEOs from both companies in preparation for a decision on investment.

Ctrip senior VP Tang Lan has declined to comment on the matter, stating that Ctrip will continue to focus on development of its hotel room group buy business in 2014. According to Tang, Ctrip established a dedicated group buy business unit in 2014, with plans to add group buy listings for restaurants nearby hotels listed on the site. Ctrip has previously entered into a number of cooperative agreements with Dianping, according to Tang.

Keywords: M&A Tang Lan Internet investment Ctrip online travel Dianping CTRP Meituan James Liang group buying online reviews

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