05-26-2015, 04:01 AM
And it isn't the only competition looming:
China-based gaming company and Web portal NetEase (NASDAQ:NTES) announced on Friday that it will enter the online travel business when its Lede Technology subsidiary forms an Internet travel firm through a joint venture with China's HNA Group. HNA Group manages airports and is involved in financial services, logistics, aviation, hotel management and other areas.
NetEase Vaults Into Online Travel, Takes On Ctrip, Qunar NTES - Investors.com