Priceline again overweight Ctrip, shareholding increased to 7.9%

According to documents carried by Chengti to the SEC, the US online travel company Priceline recently spent $300 million in the open market to buy about 3 million Ctrip in the United States, with an increase in the percentage to 7.9%. Up to now, Priceline's investment in Ctrip has totaled 929 million dollars.

At the beginning of August, Priceline invested 500 million US dollars in the form of convertible bonds, and in the end of September, through subsidiaries, to the public market to buy shares, completed the 135 million U.S. dollars to Ctrip investment. According to Ctrip in a filing last night with the Securities and Exchange Commission (SEC), Priceline also spent 293,668,752 from October 10 to October 17, with $26 in the open market buying a lot of Ctrip.

In terms of holdings, Ctrip submitted an SEC document last night showing that Priceline currently holds Ctrip 11,238,955 ads, which includes about more than 3 million ads,9 months of open market purchases from October 2 to October 17, more than 2 million ads bought in the open market, and 6,145,350 ads that were converted by Ctrip's 500 million dollar bond.

Founded in 1998, Priceline is a tourism service website based on the C2B reverse customization business model, which has now become the world's largest online travel service provider, alongside Expedia. Priceline Old enemy Expedia has been the first to enter China through the Art Dragon, and Priceline in cooperation with Ctrip, a stake in the move before not much.

In the previous cooperation, Priceline will open to Ctrip's customers more than 500,000 hotels worldwide outside Greater China, as well as Ctrip's more than 100,000 hotel resources in Greater China will be open to Priceline customers. Ctrip's global ticket service and Attractions ticket service and other non hotel reservation business and resources will also be open to Priceline.