Business Intelligence on Retailing, Franchising, and Consumerism in China

Chinese E-commerce Provider Becomes Largest Shareholder Of

Chinese B2C e-commerce provider and Internet tourism website jointly announced that has received total new investments of USD500 million, including USD350 million from

The USD350 million from will be divided into two parts: USD250 million in cash and USD100 million in resources and operating support. With the investment, will gain a 27.5% stake in, making it the largest shareholder of the tourism website. In addition, will gain one position in the board of directors of The transaction is expected to be closed in the second quarter of 2015.

Under the agreement between and, will gain a five-year commission-free exclusive operating right to the tourism channel of to sell its tourism services, cruises, visa services, train tickets, and car rental products and services. Meanwhile, will become the preferential partner for airline ticket and hotel businesses on Moreover, will provide extensive operating support to, including big data, financial services, Web traffic, and other operating resources.'s other investors include Hony Capital with USD80 million investment, DCM with USD20 million investment, with USD20 million investment, Temasek with USD20 million investment, and Sequoia Capital with USD10 million investment.

Image Credit: Kiwisoul

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