Wanda is a conglomerate with four business units and this investment is its first move into the online travel sector.
LY.com (Chinese name 同程旅游, Tongcheng Lvyou) is a leading Chinese online travel platform that specializes in weekend getaways and local sightseeing tickets.
Ctrip announced that the Company has entered into an investment agreement with Tongcheng Network Technology Share Co., Ltd.
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