• Ctrip makes local investment as profits drop
Ctrip has reported a 16% fall in fourth-quarter profit to CNY252.5m (USD40m), from CNY302.3m, despite an 18% rise in revenues for the period. The announcement came shortly after the company acquired a stake in Songguo.com, a website selling rooms in small and medium hotels and inns throughout China. The deal will increase Ctrip’s dominance of
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