Is it true that Tongcheng Yilong announced the merger?

On the last working day of 20 17, eLong.com, a subsidiary of Tongcheng Tourism Group, finally announced the formal merger after repeated rumors and denial of the merger. The new company is called Tongcheng E Long, which will integrate superior resources such as transportation and hotels of both sides to jointly build a travel service platform.

Tencent and Ctrip, the important shareholders behind Tongcheng and Yilong, will become the main strategic shareholders of the new company. According to Tongcheng, many shareholders, including Wanda and Guling Investment, also actively supported the merger, that is to say, it was a happy marriage. With the support of all shareholders of the new company, the pace of Tongcheng Yilong's entry into the capital market will be greatly accelerated.

According to the data provided by Tongcheng, the merged new company has nearly 200 million consumer members, served more than 500 million people in 20 17 years, and the combined transaction volume exceeded 1000 billion RMB, which has achieved a large-scale profit of more than 500 million RMB per year.

The rumor of the merger of Tongcheng and Yilong has been circulating for more than two years, but in the middle of June of 20 17 and 10, the media ushered in a large-scale "real hammer" report, saying that the merger of the two parties basically landed, but it was repeatedly postponed for various reasons. In fact, the merger of the two parties is a matter of time, including business complementarity, the push of shareholders Ctrip and Tencent, and the listing of the group.