A 5 webmaster network (www.admin5.com) October 29th news, this month, the evening of 26 Ctrip announced a deal with the Baidu Inc to achieve equity swap. After the completion of the transaction, the total voting rights to Baidu as Ctrip where the network "golden master" with Ctrip common stock represents approximately 25%, and became the largest shareholder of Ctrip, Ctrip will have about 45% of the total voting rights where the network.
is reported that Baidu and Ctrip will cooperate in the field of products and services. At the same time, Baidu will continue to go and where existing business cooperation. Including four Ctrip Ctrip executive chairman and CEO Liang Jianzhang and co president and COO Sun Jie, will be appointed to where the board of directors, Robin Li and vice president of Baidu mergers and acquisitions and investment director Ye Zhuodong will be appointed to the board of directors of ctrip.