The online travel market is undergoing consolidation。Consequently controls eLong in Ctrip、After going where，There are rumors，188bet sports betting app download and Tongcheng will complete a 1:1 share exchange merger，The specific method is，Tongcheng makes tickets、Peripherals, etc.，188bet sports betting app download does group tour、Self-guided tour、Finance。

188bet sports betting app download CFO Yang Jiahong said in Tencent Technology Connection today，No response to the merger with Tongcheng。However，Yang Jiahong said，The online travel market is developing rapidly，188bet sports betting app download is open to anything that is beneficial to shareholders and the company’s prospects。

“188bet sports betting app download will not refuse any good opportunity。"Yang Jiahong also emphasized，Becoming bigger and stronger is the foundation of 188bet sports betting app download。Just today，188bet sports betting app download President Yan Haifeng said externally，Adopt an open mind towards capital cooperation，But I have no contact with Tongcheng so far。

Wu Zhixiang, founder of 188bet sports betting app download Technology, said to Tencent Technology: Specific to this news，There is no basis for it。But he also said that anything is possible，188bet sports betting app download is open to capital cooperation，Online travel has entered the era of non-standard products for leisure travel，188bet sports betting app download will go all out in this market，Strive for the first place in leisure tourism。

The equity structure of 188bet sports betting app download as of March 31, 2015 disclosed in SEC documents (pictured by Tencent Technology)

May this year，188bet sports betting app download just received a US0 million investment from JD.com。JD.com’s shareholding reached 27.5%，Became the largest shareholder。

According to the terms of the agreement，JD.com and 188bet sports betting app download launch in-depth strategic cooperation。JD.com will invest a total of 3.US0 million to subscribe for 188bet sports betting app download shares，including 2.US0 million in cash and US0 million in resources and operational support to 188bet sports betting app download。

DCM is also a shareholder of 188bet sports betting app download、Ctrip, etc.，Among them，Ctrip holds a director seat on 188bet sports betting app download’s board of directors。

Although Ctrip was introduced、JD.com，188bet sports betting app download’s revenue grows rapidly，But 188bet sports betting app download’s revenue continues to expand at the expense of burning a lot of money，188bet sports betting app download has burned more than 7 dollars in total in the past year.500 million yuan，Among them，burned nearly 500 million yuan in the past six months。

July this year，Wanda Culture Group announces investment in 35.800 million yuan led investment in 188bet sports betting app download Travel，Including Tencent Industry Win-Win Fund、CITIC Capital and many other institutions participated in this round of financing for 188bet sports betting app download Travel，188bet sports betting app download Tourism received a total investment of more than 6 billion yuan。

April 2014，Ctrip once strategically invested more than 200 million US dollars in 188bet sports betting app download，Became the second largest shareholder after 188bet sports betting app download’s management team，Shareholding ratio is about 30%，Tencent holds about 15% of the shares through two investments，is the third largest shareholder of 188bet sports betting app download Travel。

After the completion of financing, 188bet sports betting app download’s valuation exceeded 13 billion yuan，188bet sports betting app download said at the time，All investors support 188bet sports betting app download’s independent development，Independent IPO。

However，As the entire capital market cools down，Burning large amounts of money is no longer in line with the current capital trend。Reached strategic cooperation with Baidu on Ctrip，Baidu becomes Ctrip’s largest shareholder，After Ctrip Holdings Qunar，Capital is promoting the merger of 188bet sports betting app download and Tongcheng，Reduce losses。

There have been many mergers this year，Including the merger of Didi Kuaidi、58 people in the same city gather to merge、Meituan-Dianping merged。Some analysts pointed out，Both 188bet sports betting app download and Tongcheng have the same shareholder Ctrip，This is the merger of 188bet sports betting app download and Tongcheng，Not surprising。