Business & Finance

Reuters reveals China’s Ctrip in talks to delist from Nasdaq

Reuters reported exclusively that Chinese online travel giant Ctrip is in talks with potential investors about funding its delisting from Nasdaq because of rising U.S.-China tensions and the coronavirus-driven hit to its business. The management of China’s largest online travel firm, with a current market value of $16.5 billion, has reached out to a number of financial and strategic investors, including private equity firms and domestic tech companies, about joining a take-private deal.

Article Tags
Topics of Interest: Business & Finance
Type: Reuters Best
Sectors: Equities
Regions: AsiaNorth America
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
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