Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Renren, eLong Establish Social Travel JV

Sina Tech, 9/27/11

James Jian Liu, COO of Beijing-based social networking site operator Renren (NYSE: RENN), recently disclosed that Renren and Chinese online travel service provider eLong (Nasdaq: LONG) have established a joint venture to develop social travel products. While Liu declined to reveal details of the two companies' investment stakes in the JV, he said the first social travel product should be released in two weeks.

Renren CEO Joe Chen previously said that Renren, formerly known as Oak Pacific Interactive, aims to become eLong's largest shareholder if it can secure approval from eLong's current largest shareholder, Expedia.

Editor's Note: For more information on this topic, please see "Oak Pacific to Increase Purchase of eLong Shares," MD 8/10/09 issue.

Keywords: Joe Chen Internet investment eLong Expedia online travel LONG JV Renren James Jian Liu RENN SNS


Please note, all fields are required.
None of your personal information will be shared with third parties.



The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports