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  5. Trip.com Group Acquires Tongcheng Network Technology Share Co.

M&A Deal Summary

Trip.com Group Acquires Tongcheng Network Technology Share Co.

On April 28, 2014, Trip.com Group acquired internet software and services company Tongcheng Network Technology Share Co. for 200M USD

Acquisition Highlights
  • This is Trip.com Group’s 2nd transaction in the Internet Software and Services sector.
  • This is Trip.com Group’s 2nd largest (disclosed) transaction.
  • This is Trip.com Group’s 5th transaction in China.

M&A Deal Summary
Date 2014-04-28
Target Tongcheng Network Technology Share Co.
Sector Internet Software and Services
Buyer(s) Trip.com Group
Deal Type Add-on Acquisition
Deal Value 200M USD

Target

Tongcheng Network Technology Share Co.

China
Tongcheng Network Technology Share Co., Ltd. is a local attraction ticket service provider that operates LY.com.

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Buyer(S) 1

Buyer

Trip.com Group

Singapore, Singapore
Category Company
Founded 1999
Sector Consumer Services
Employees41,073
Revenue 53.3B CNY (2024)
DESCRIPTION

Trip.com Group provides online and offline travel information and reservation services company. Trip.com Group was founded in 1999 and is based in Singapore.

DEAL STATS #
Overall 5 of 11
Sector: Internet Software and Services M&A 2 of 7
Type: Add-on Acquisition M&A Deals 3 of 8
Country: China M&A 5 of 8
Year: 2014 M&A 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-07 ToursForFun

China

ToursForFun is an online travel supplier, providing online purchasing experience for all travel needs.

Buy $100M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-06 Travelfusion

London, United Kingdom

Travelfusion Ltd. is a travel meta search company.

Buy $160M
Mergr

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