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Tiny startup Trip.com has been acquired by Chinese travel giant Ctrip – a move that could shake up the travel industry (CTRP)
|November 1, 2017||Posted by TravelKinds.Com under General||
- In a move that sends a subtle signal to US travel titans Expedia and Priceline, Chinese travel giant Ctrip has bought a tiny US startup called Trip.com.
- Trip.com was founded in 2010 by former Myspace exec Travis Katz and employs 25 people in Palo Alto, California.
- The purchase indicates the global ambitions of Ctrip to move into Western markets.
Chinese travel giant Ctrip has made an interesting step into the US travel market by buying a small Palo Alto, California, startup known as Trip.com. Terms were not disclosed but Trip.com raised $39 million from investors like Battery Ventures, Redpoint and Expedia via read more >>>
Source : BusinessInsider.Com