The Guardian
trending topics
Close Box

Our news

Yes, it’s true: We are joining GigaOM...


TripAdvisor Buys Up Chinese Travel Site Kuxun; Will Invest $50 Million In China Expansion

  • Comments Comments (View)
  • Text Size: A A

Hoping to tap into the booming Chinese tourism market, Expedia-owned travel review site TripAdvisor is making a big push in the country. TripAdvisor is buying up Kuxun.cn, China’s second largest travel-related site, after Ctrip.com. Terms of the deal were not disclosed, although investment research firm JLM Pacific Epoch cites local reports saying that TripAdvisor is paying more than $12 million for Kuxun. TripAdvisor CEO Stephen Kaufer also tells Dow Jones Newswires that TripAdvisor wants to invest $50 million in China over the next three years. The company launched its own travel review site there in April, DaoDao.com, which TripAdvisor says has since posted “extraordinary” growth. More in the release.

SEE ALSO: TripAdvisor Acquires VirtualTourist And Online Booker OneTime

Oct 30, 2009 12:00 PM ET

TripAdvisor


Posted In: E-Commerce, Travel, Money, M&A & Venture Capital, Mergers & Acquisitions, Countries, Asia, China

(Page 1 of 1)


The Bestsellers

From iTunes and YouTube to Facebook and Kindle, the most popular content on the web, free and paid.

YouTube Music Videos YouTube Music Videos
. Mistletoe
See The Other Bestsellers »

Jobs RSS Job Listings

Social Standing

Which media brands are getting a lift from Tweeters and bloggers right now -- and which are getting panned?

"Sentiment" Scores for All the Companies »

Sponsors

Staff