TripAd­vi­sor China

Travel Daily - - Front Page -

TRIP.COM Group and TripAd­vi­sor have an­nounced a strate­gic part­ner­ship to ex­pand global co­op­er­a­tion, in­clud­ing a joint ven­ture and global con­tent, and gov­er­nance agree­ments.

The part­ner­ship will see the launch of TripAd­vi­sor China, with Group sub­sidiary Ctrip In­vest­ment Hold­ings en­ter­ing into a joint ven­ture with TripAd­vi­sor sub­sidiary TripAd­vi­sor Sin­ga­pore, and Group to be­come the ma­jor­ity share­holder of the new en­ter­prise.

The co­op­er­a­tion will also see se­lected TripAd­vi­sor con­tent dis­trib­uted on ma­jor Group brands, in­clud­ing, Ctrip, Skyscan­ner and Qu­nar. Group will also gain one seat on the TripAd­vi­sor board, and ac­quire 6.95 mil­lion TripAd­vi­sor shares, upon the trans­ac­tion’s ap­proval.

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