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Message on August 7,There are media reports,Qunar.com recently reported to the Anti-Monopoly Bureau of the Ministry of Commerce that 188bet acquisition of elong was suspected of violating anti-monopoly laws and related regulations,And failed to declare to the Ministry of Commerce as required。
Ctrip responded,After 188bet strategic investment in eLong,Only one of the many shareholders of eLong。And Tencent has issued a privatization offer to eLong,Once Tencent completes the acquisition of eLong’s public shares,The shareholding ratio will be close to Ctrip。China’s travel market is huge,Currently, Ctrip and Elong together account for less than 5% of the entire domestic tourism market,Not enough to have an impact on the entire market。
188bet believes that Qunar.com’s report is an irrational behavior taken under operating pressure,I hope Qunar.com can make reasonable demands in accordance with legal procedures,Instead of trying to put pressure on relevant departments through the media.。
Also,Suspected failure to declare multiple mergers and acquisitions by Qunar.com,188bet will submit a formal report to the relevant departments。(Mu Cheng)
The following is the full text of 188bet statement:
188bet on Beijing Quna Software Technology Co., Ltd.
Explanation on 188bet suspected violation of the Anti-Monopoly Law
188bet has always abided by Chinese laws,And engage in business activities in accordance with Chinese laws。
After 188bet strategic investment in eLong,Only one of the many shareholders of eLong,is a minority shareholder of eLong。We saw that Tencent has issued an acquisition offer for eLong,Once Tencent completes the acquisition of eLong’s public shares,The shareholding ratio will be close to Ctrip。
China’s travel market is huge,The respective market shares of 188bet and eLong are still very small,At present, the two companies together account for less than 5% of the entire domestic tourism market,Not enough to have an impact on the entire market。
At the same time,188bet and eLong will develop independently according to their respective companies,Continue to develop independently,Create continuous value for customers and partners。
Everyone knows,188bet always adheres to openness、Fair、Fair attitude,Seeking common development with colleagues in the industry,Jointly build a healthy development ecosystem for the industry。Unfounded reports and accusations against Qunar.com,Our company understands that this is an irrational behavior taken by the company due to operating pressure,Our company hopes that Qunar.com can make reasonable demands in accordance with legal procedures,Instead of trying to put pressure on relevant departments through the media.。
Also,Suspected failure to declare multiple mergers and acquisitions by Qunar.com,188bet will submit a formal report to the relevant departments。
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