Ctrip announces merger and acquisition investment, holds 7-day chain 4% shares

2013, Ctrip carried out a series of dazzling investment in mergers and acquisitions. Recently, Ctrip published the 2013 annual report, detailed disclosure of Ctrip's investment in the proportion of shares and expenditures. As the outside material, a hi car rental, easy to use cars, fast hotel housekeeper, passers-by, passers-by wind network, etc. are listed in the investment list, but the accident is 7 days chain hotel, Hui Evaluation Network also ranked among them.

Holding 7-day chain 4% shares

The annual report shows that, as of December 31, 2013, Ctrip held 15.39% shares of home and Han court 9% shares, but eye-catching is, Ctrip report, "In December 2013, we used 25.5 million dollars to buy about 4% Keystone lodging Holdings 2¥q's general shares, Keystone lodging Holdings 2¥q merged 7-day hotel chains in 2013. "This shows that Ctrip currently holds 7 days chain Hotel 4% of the shares."

The report also disclosed the following information: "In December 2013, we invested in Keystone, which is embodied in our approval of the 29.5 million-dollar loan for the Felicity Investment Holdings 2¥q." The loans will be 5 years from the interest rate of the loans to be flat. The loan is mortgaged to the Keystone shares owned by Felicity.

The two major hotel wholesalers income in the bag

Ctrip Annual report Information Disclosure, in August 2013, Ctrip completed the purchase of two hotel wholesalers. A 46 million RMB (USD 8 million) is used to buy a 51% of its shares in a hotel business-to-business booking service. The other is wholly-owned by a company that deals in hotels and air tickets at a total of HK $120 million (USD 16 million). The annual report has not announced the acquisition of the company name, the global travel news reporter through a variety of information channels confirmed that Ctrip accounted for 51% of the hotel wholesalers are Shanghai Metropolitan Travel Agency, wholly-owned acquisition is the Hong Kong Hua min tourism.

Public information shows that Shanghai Metropolitan Travel Service is Shanghai's largest business-to-business hotel reservation service provider, while in overseas hotel reservations, car rental, holiday and so on to provide a wide range of services and products. Hua min Tourism for Hong Kong's largest mainland China hotel booking wholesalers, directly acting in Hong Kong, Macao and mainland China, nearly 2000 star hotels.

Industry estimates, Ctrip will occupy the eastern and southern China market a larger share of the two hotel wholesalers revenue in the bag, is intended to strengthen the hotel prepaid product development to resist where to go to the Low-priced Hotel products.

Invest in two car rental companies

Comprehensive Ctrip Annual report of the investment target, 2013 Ctrip Investment is the most generous investment in China's largest car rental companies, spending 94.05 million of dollars, bought a hi car rental 19.6% convertible Preferred shares. In addition Ctrip with 23 million U.S. dollars investment to purchase easy to use car 20% convertible priority shares, easy to use car is an internet-based business car rental service platform.

Share of the Hui evaluation net

Ctrip Annual report shows that in November 2013, Ctrip 22 million RMB cash plus the cost of the acquisition of Shanghai Yi Shang Network Technology Co., Ltd. 35% of the equity, the company's operating platform for the Hui Evaluation Network for hotel customers to provide reviews monitoring and management system products and services. Ctrip Annual report also shows that November 2013, Ctrip for Shanghai Yi Shang Network Technology Co., Ltd. to provide 130 million yuan of commissioned loans, the period of 1 years.

Other Investment objects

Passers-by: Holding is achieved at the cost of 14.6 million dollars and 33,333,333 convertible convertible shares (totaling USD 36.7 million), but no shareholding is disclosed;

Passers-by wind Network: The cost of 23.09 million U.S. dollars to be a controlling power, but did not disclose the proportion of shares;

Hotel Butler: 6 million USD investment, 33% share

Insurance: 50 million yuan to launch the establishment of public security online insurance, accounting for 5% shares.

Ctrip through the above generous investment, expand its business areas, improve its one-stop tourism service product line, consolidating its online tourism leader status. In February this year with the Cheng newspaper conference call, Ctrip Chief Strategy officer Wu Wenjie has said that 2014 will also be ctrip an important "acquisition of the year." "Our first priority is to seize the opportunities that have arisen and to gain more market share at a faster rate," she said. "It can be expected that there will be more vertical sector leading companies in the bag."