• Priceline Chinese investment
Online travel agent Priceline is making a USD500m investment in Chinese OTA Ctrip. The two, which have had a commercial partnership since 2012, will increasingly cross promote hotel inventory.

Priceline will buy Ctrip shares over the next year, giving it a stake of up to 10%. It will then acquire the right to appoint an observer to the Ctrip board.
Read the full story here:
http://files.shareholder.com/downloads/PCLN/3382785549x0x774532/9daf6045-59ae-41a6-8a74-828e36ab3af0/PCLN_News_2014_8_6_General_Releases.pdf 
 
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