Posted inChina, European Union, Shanghai, World

Chinese travel site Ctrip pays US$1.7 billion for Skyscanner

China’s largest online travel agency Ctrip will buy British flight search app Skyscanner for US$1.7 billion as it steps up its overseas ambitions. The travel service provider will pay £1.4 billion mainly cash for the Edinburgh-based firm, the companies said in separate statements late Wednesday. NASDAQ-listed Ctrip, partly owned by Chinese search giant Baidu, provides […]