Chinese travel titan Ctrip is taking its biggest step yet to global expansion with a $1.745 billion deal for British travel search giant Skyscanner.
The US-listed Chinese firm hopes tapping the 60 million travellers who use Skyscanner to compare the price of flights, hotels and other tourism essentials every month will bolster its brand name and help it grow beyond Asia.
The November 23 deal, announced as the company disclosed its third-quarter earnings, is the latest sign of Ctrip's acquisitive streak, which has seen it complete a series of deals in recent years. Its prospects as a provider of travel services to the surging Chinese market...
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