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OCT Group to Invest RMB 2 Bln in Tongcheng Travel

DoNews, 6/05/18

Chinese tourism company OCT Group and online travel service provider Tongcheng Travel (LY.com) jointly announced that OCT Group will make a strategic investment of RMB 2 bln in Tongcheng Travel as part of a strategic partnership between the two firms. Read More

Tongcheng Travel to Establish Airline Company 'Tong Express'

The Paper, 4/27/17

Suzhou-based online travel service provider Tongcheng Network Technology is planning to establish an airline company, according to Tongcheng Travel founder Ma Heping. Read More

Tongcheng Denies Rumor of Merger with eLong

Tencent Tech, 4/13/17

Suzhou-based online travel service provider Tongcheng Network Technology (Tongcheng Travel) today denied recent rumors that it plans to merge with Chinese online travel service provider eLong and list on one of China's domestic A-shares stock exchanges, and said that it will give an update regarding its capital operations in the near future. Read More

Rumor: Tongcheng Travel to Merge with Wanda's Tourism Subsidiary

Sina Finance, 10/09/16

Chinese entertainment conglomerate Dalian Wanda Group's travel-focused subsidiary Wanda Tourism will reportedly be merged into online travel service provider Tongcheng Network Technology, according to a source familiar with the matter. Read More

Rumor: Ctrip to Acquire eLong

Southern Metropolitan News, 7/03/14

According to an industry insider, Chinese online travel service provider Ctrip (Nasdaq: CTRP) plans to acquire US online travel site Expedia's ownership stake in rival Chinese travel site eLong (Nasdaq: LONG) through a share swap agreement. Read More

17u.cn Prepares for Mainland Listing

Beijing Times, 12/24/12

According to the Beijing Times, Chinese online travel website 17u.cn will soon list on a domestic Chinese exchange. Read More

Travel Site 17u Considers ChiNext IPO

Sohu IT, 5/14/12

Chinese travel site 17u.cn announced today that it has received all of a RMB eight-figure investment from Tencent (0700.HK) and has begun IPO preparations, with a goal of listing on the ChiNext board. Read More

Rumor: Tencent Acquires 30% Stake in Travel Site

Caiing, 1/13/11

An inside source at Chinese internet company Tencent (0700.HK) has revealed that the company has bought a 30% stake in travel site 17u.cn, operated by Tong Cheng Travel Network Technology. Read More