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Foreign media: Tongcheng-Elong plans Hong Kong IPO in the second half of the year，Estimated to raise US-1.5 billion

Author of this 188bet app download: Li Haiqiang 2018-03-08

According to Wall Street Journal，Tongcheng-Elong Holdings plans to conduct an IPO in Hong Kong in the second half of 2018，Estimated to raise US.0-1.5 billion。

December last year，With the support of major shareholders Tencent and 188bet app download，Tongcheng and eLong announce merger。After the merger of the two companies，Tencent and 188bet app download are still the main strategic investment shareholders。

E-dragon (Elong) of Tongcheng-Elong Holdings is the leader in mobile and online accommodation booking in China，Travelers can book hotels through this platform、Guest Room、Apartments and other forms of living，You can also book air tickets and train tickets。

E-dragon by 188bet app download、The company established when Tencent and other investors took Nasdaq-listed eLong private in May 2016 at per share。

Before this privatization transaction，188bet app download with 4.USD 2.2 billion to acquire 38% stake in eLong from Expedia and other shareholders。

Tongcheng-Tongcheng Travel (LY in Elong Group.com) provides domestic air tickets、Online booking platform for train tickets and other transportation tickets。

188bet app download invested in Tongcheng for the first time in April 2014，At that time, 188bet app download sold 1.4 billion yuan (2.USD 2.1 billion) cash investment in Tongcheng，Became the second largest shareholder of Tongcheng after Tencent。It is reported，Tencent and 188bet app download currently hold about 45% of Tongcheng-Elong's equity，Other shareholders include Wanda Group and private equity institution Ocean Link。

Listing in Hong Kong can not only expand the equity base by bringing in new investors，It can also provide financial support for Tongcheng-Elong to expand in China。At a time when China’s 188bet app download demand is exploding again，This move seems more important。

The "World 188bet app download Economic Trend Research Report" released by the World 188bet app download Cities Federation (WTCF) and the Chinese Academy of Social Sciences shows，China’s total domestic and international tourist arrivals reached 45.300 million，First in the world。

*This article was compiled by Li Haiqiang, an analyst at 188bet app downloadACQ5, original title: "Tencent, 188bet app download-Backed Travel Company Plans Hong Kong IPO》

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