Is Yifenqin related to Ctrip?

Yes, Yifenqi has a certain relationship with Ctrip. Founded in 2014, Yifenqi is an Internet financial company in mainland China that provides financial services such as consumer installment loans and credit card repayments. Ctrip is China's leading online travel service provider. Founded in 1999, it provides consumers with a full range of travel services including air tickets, hotels, vacations, lifestyle entertainment, and business travel. In 2015, Ctrip made a strategic investment in Yifenqi and became one of its important shareholders. Since then, Yifenqi has also launched in-depth cooperation with Ctrip to provide users of the Ctrip platform with financial products for consumption installment. For example, after users purchase travel products on Ctrip, they can pay in installments through Yipay to easily realize travel consumption. Therefore, Yifenqi and Ctrip have certain cooperation and investment relationships.