Ctrip buys stake in MakeMyTrip
By Wang Wen | China Daily | Updated: 2016-01-09 08:06
Online travel major sets sights on burgeoning Indian tourism market
Ctrip.com International Ltd, China's largest online travel agency, is investing $180 million for a quarter share in its Indian counterpart MakeMyTrip Ltd.
The Chinese firm is likely to own up to 26.6 percent of MakeMyTrip, giving it the right to appoint a director to the Indian company's board.
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