Tencent Holdings Ltd (HKG:0700) and Expedia, Inc. (NASDAQ:EXPE) have invested $125.6 million into online Chinese travel service website eLong.com. Tencent put in $84.4 million for a 16% stake and Expedia put in $41.2 million to increase their stake to 56%.
Tencent may set up a business partnership with eLong to distribute their hotel database to Tencent’s community of 674 million. eLong covers 150,000 hotels across the world, including 19,000 in China and 130,000 internationally.
Popular Posts:
5 Interesting E-Mail Facts
8 Useful WordPress Ecommerce Plugins
10 Amazing Google Facts That You Did Not Know About
10+ HTML5 Audio Players
10+ Proxy Websites To Surf The Internet Anonymously
10 Ways To Make Recycled Gadgets Useful
12 Amazing Microsoft Facts That You Did Not Know About
12 Awesome Facebook Accessories
12 Free Twitter Bird Icons
12 Interesting Mobile Phone Facts
12 Of The Best Running and Jogging iPhone Apps
14 Free Pinterest Style WordPress Themes
14 jQuery Image Zoom Plugins
15 Free and Handy HTML5 Frameworks
15 Of The Worst Infomercials [VIDEOS]
15 Awesome LEGO Music Videos on YouTube
18 Awesome Remixes Of Viral Videos
20 Cable Organizer and Management Accessories
20 Free Responsive WordPress Themes
20+ Great WordPress SEO Plugins
20+ Of The Best Tumblr Food Blogs [GALLERY]
24 Free T-Shirt Vector Templates
24 HTML5 Video Players
28 Of The Funniest Amazon.com Reviews
30+ Examples Of HTML5 Canvas Applications
30+ jQuery Image and Content Slider Plugins
30+ jQuery Vertical Menu Tutorials and Plugins
30 Responsive jQuery Plugins Worth Checking Out
31 Interesting Social Media Data Visualization Tools
40+ Beautiful Twitter Bootstrap Example Websites
40+ Best Websites For Downloading Free Vector Images
40+ Free Beautiful Leather Textures
40+ Free Portfolio and Photo Gallery WordPress Themes
40+ jQuery Accordion Tutorials
40+ Of The Funniest 404 Error Pages
40 Of The Funniest Tumblr Blogs
40 Of The Funniest Wolfram Alpha Easter Eggs
40+ WordPress Business Themes
42 Free Breathtaking Winter WordPress Themes
45+ Awesome Actionscript 3.0 Tutorials
45+ jQuery Calendar Plugins and Tutorials
50+ Amazing Hand Based Logo Designs
50+ Awesome jQuery Dropdown Menu Tutorials
50 Funniest Questions On Yahoo! Answers
60+ Free and Clean Calligraphy Fonts
60+ Free High Quality Leaf Textures
60+ Of The Best Geek Tattoos
60+ Retina Display HD Wallpapers For iPad 3
60+ Parallax Scrolling Web Design Examples
70+ Free 3 Column WordPress Themes
70 Of The Weirdest Craigslist Posts
75 Of The Most Creative Advertisements
80+ Beautiful Examples Of Reflective Photography
80+ Of The Best Cydia Apps
80+ Of The Best Tattoo Fonts
90 Of The Best Free jQuery Sliders
90+ Floral Brushes For Photoshop
100+ Creative Single Page Websites
100+ Free HTML5 and CSS3 Templates
100+ Gorgeous Photo Manipulation Examples
100+ Of The Best Geek T-Shirts
100+ Of The Most Creative Examples Of Facebook Timelines
100 Of The Funniest iPhone Auto-Correct Fails
100+ Retro and Vintage Logos
110+ Of The Best Graffiti Fonts
120+ High Quality .PSD Files For Designers To Download
120+ Superb AJAX Tutorials For Developers
130+ Awesome Email Newsletter Templates
130+ Exquisite Tilt-Shift Photography Examples
130+ Funny Demotivational Posters
135 Creative and Unconventional Resumes That Easily Get Attention
140+ Beautiful Tumblr Themes
150 Toughest Grunge Fonts
160+ Marvelous Underwater Photos
180+ Retro and Vintage Wallpapers
200 Creative and Interesting Infographics
200 Free Drupal Themes Worth Checking Out
200+ Incredible Dual-Screen Wallpapers
250+ Gorgeous Examples Of Bokeh Photography
Examples Of jQuery Masonry Web Designs
Free Responsive Website Templates and Layouts
Geek Fashion: 20+ Nerdy Accessories and Apparel
How To Watch Sports Online For Free
The Top 50 Most Epic Flash Mobs [YouTube Videos]
Top 80 Funny Siri Responses
Top 100 Funniest Google Street View Pictures
Useful Gmail Tips, Tricks, and Tools
big money talks i guess, to make money you have to have money.