Ctrip and Citic Industrial Fund strategic Investment China Far Country Brigade

Absrtact: September 1, Ctrip insiders to the Tencent Science and technology to confirm that Ctrip has joined CITIC Industrial Fund strategic Investment Huayuan Country Brigade, China far future will remain independent operation, and Ctrip will not carry out more details of the disclosure. There is news that Ctrip's contribution in the 500 million yuan

September 1, Ctrip insiders to Tencent Science and technology confirmed that Ctrip has joined the CITIC Industrial Fund strategic Investment Huayuan Country Brigade, China far future will remain independent operation, Ctrip will not carry out more details of the disclosure.

There is news that Ctrip's contribution in the 500 million yuan, is now the largest shareholder in China Far Country Brigade, responsible for carrying the degree of fake business Ctrip Travel Network senior Vice President Guo Dongjie will go to China far Country Brigade.

Huayuan International Tourism Co., Ltd. was established in 1993, is the first batch of national Tourism Administration approved the franchise of Chinese citizens outbound Travel International travel Service, its outbound tourism wholesale brand "Xiang Long Wan Xing", business areas covering Europe, Australia, Africa, the Americas, Asia, the various markets, with professional sales operations and visa personnel. Data show that China-far country Brigade currently for the national 120 travel agencies regional wholesalers and 3,000 retail agents to provide global tourism data services, providing a "one-stop" service model.

It is noteworthy that Huayuan National Travel chairman of the Zengsong at the same time for the CEO of the Hundred-Way travel network, invest in Huayuan Country Brigade or can ease Ctrip and hundreds of the current visa business in the fierce competition. However, the hundred-way insiders revealed that the hundred miles and China far Country Brigade is currently two independent operation of the team.

Invest in China travel, Ctrip is trying to travel abroad, especially for the European market, to provide "one-stop" service capabilities. Strong Consulting CEO Wei Changren said, the public letter, Caesar, Huayuan Country Brigade, Phoenix Holiday four wholesalers long-term monopoly of the European market, and the European local access to the resources have a very deep relationship, Ctrip investment China Travel can rely on its European market advantage for their own open market gap.

Last December, Ctrip opened the tourism and holiday platform, with the platform of the merchants to take the mode of cooperation "Commission mode", that is, the commission of products for sale, Wei Changren that, after investing in China far Country Brigade, fully can be China far from operators take the quality of products from the wholesale to the platform of the travel agency, so Ctrip became a "distribution platform + Wholesalers "Identity, completed in the tourism resort platform closed loop.