China’s Top Online Travel Site to Set Up Investment Subsidiary


China’s largest online travel agency, Ctrip (NASDAQ:CTRP), has outlined plans to set up an investment subsidiary later this year. It’s part of a plan for Ctrip to be, according to CEO Fan Min, “higher-profile in its investments.”

Last year we saw Ctrip invest in Chinese vacation home rental startup Tujia, as well as acquiring a very specialist luxury travel e-tailer.