Monday, July 7, 2014

Expedia: We're A Long Term Investor In eLong

Bellevue-based online travel booking site Expedia said this morning that it will continue to be a long term investor in Chinese online travel site eLong, despite rumors to the contrary. Those rumors claimed that Chinese online travel company Ctrip was planning to buy Expedia's 80 percent ownership in eLong. Expedia said those rumors were "inaccurate" and said it will remain a long term investors in eLong.