The relationship between Ctrip and Tongcheng

Strategic partners. Tongcheng and Ctrip are two independent companies. The two companies were strategic partners before. On April 28, 2014, Ctrip announced a strategic investment in Tongcheng Network Technology Co., Ltd. This time, Ctrip.com passed its subsidiary Shanghai Ctrip International Travel Co., Ltd. and Tongcheng Network Technology Co., Ltd. have reached a relevant investment agreement. Through this investment, Ctrip will become the second largest shareholder after Tongcheng’s management team.

1. Tongcheng.com: one of China's first-class one-stop travel booking platforms. The website has a complete domestic travel product line and provides bookings for more than 20,000 domestic and more than 100,000 overseas hotels, covering all hotels in the country. Airline bookings for air routes, ticket bookings for more than 8,000 scenic spots, ticket bookings for global popular performances, car rental bookings in more than 200 cities, and quality travel and vacation bookings at home and abroad. It provides Internet booking, mobile wireless booking and 365X24-hour telephone booking. The website adheres to the principle of "guaranteed low price" and is the first in the industry to create special value-added services such as "advance compensation" and "review bonus", becoming a very fast-growing company in China. Travel booking platform.