Chinese online travel giant Ctrip reportedly invested more than $100 million in overseas tourism service ToursForFun (report in Chinese). According to official website of ToursForFun, the company will become part of Ctrip’s North American branch, which was set up in last November.
Founded in 2006, ToursForFun is a thriving online travel supplier dedicated to providing online purchasing experience for all travel needs. It is focused on overseas tours and vacation packages in North America, Europe, Asia, Australia & New Zealand, and South & Central America.
Ctrip launched acquisition spree last year, especially after the company raised 800 million yuan ($132.18 million) last November by issuing convertible bond. Here is a list of Ctrip’s investment and acquisition cases in 2013:
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