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In November 2016, a Chinese company Trip.com Group (formerly Ctrip) bought Skyscanner for $1.75 billion. [14] Following the sale to Ctrip, Skyscanner's largest shareholder, SEP, completed its exit from the business. [15] In 2017, Ctrip bought the Trip.com domain and launched Trip.com. The original platform became a subsidiary of Skyscanner. [16]
The company was founded as Ctrip.com by James Liang, Neil Shen, Min Fan, and Qi Ji in June 1999. [6] [7]The company was listed on the NASDAQ in 2003 through a variable interest entity (VIE) based in the Cayman Islands in a Merrill Lynch-led offering, raising US$75 million from the sale of 4.2 million American depositary receipts at $18 each.
This page was last edited on 9 February 2016, at 14:43 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
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