Perhaps Ctrip is after Feeyo's impressive m-commerce and flight-tracking apps for iPhone and iPad.
There’s a rumor in the online travel industry in China that one of its giants, Ctrip (NASDAQ:CTRP), is about to acquire its smaller Chinese rival site Feeyo, which also makes the impressive VeryZhun travel and flight tracker apps (pictured above) that tie into its service.
The speculation is that Ctrip will pay about 20 million RMB (US$3.14 million) for Feeyo.com, which started up in 2005. There’s been no official response as of yet from either company. The implication is that Ctrip wants both to snap up a rival and acquire its more fully-featured mobile apps so as to strengthen Ctrip’s mobile strategy.
Ctrip is China’s most-used flights and hotels booking e-tailer, and in its most recent quarterly financials it posted $144.6 million in revenue and is seeing 15 to 20 percent growth. Last month the company was one of the investors in Tujia, a vacation home rental service, and shortly before that it acquired the luxury tours site TripTM.
[Source: ChinaVenture – article in Chinese]
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