HONG KONG: 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, sources told Reuters.
Just on Monday, China's Sogou Inc said shareholder Tencent Holdings made a preliminary offer to buy the rest of the web search firm it did not already control, in a deal that valued the company at about US$3.5 billion. Ctrip later decided to delist as the coronavirus outbreak hit its businesses badly in the first half and has weighed heavily on its valuation, said one of the people.
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