UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of August 2014
Commission File Number: 001-33853
CTRIP.COM INTERNATIONAL, LTD.
99 Fu Quan Road
Shanghai 200335, Peoples Republic of China
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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CTRIP.COM INTERNATIONAL, LTD. | ||
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By |
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/s/Xiaofan Wang |
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Name |
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Xiaofan Wang |
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Title |
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Chief Financial Officer |
Date: August 8, 2014
Exhibit 99.1
The Priceline Group and Ctrip Expand Partnership
The Priceline Group to Make $500 Million Investment; Global Partnership to Promote Travel to and from China
NORWALK, Conn. and Shanghai, China, August 6, 2014 . . . The Priceline Group Inc. [NASDAQ: PCLN] and Ctrip.com International, Ltd. [NASDAQ: CTRP] today announced that the two companies have expanded an existing commercial agreement to strengthen their global partnership. In addition, The Priceline Group agreed to invest $500 million through a convertible bond and Ctrip has granted The Priceline Group permission to acquire Ctrip shares in the open market over the next twelve months, so that combined with shares convertible under the bond, The Priceline Group may hold up to 10% of Ctrips outstanding shares. Upon purchase of the convertible bond, The Priceline Group will acquire the right to appoint an observer to the Ctrip board of directors.
Expanding on the existing commercial relationship established in 2012, the global partnership between the worlds largest online travel group and Chinas largest online travel company will significantly promote tourism to and from China by allowing Ctrips customers to reach The Priceline Groups global portfolio of over 500,000 accommodations outside of the Greater China Region, and The Priceline Groups customers to reach Ctrips over 100,000 accommodations in the Greater China Region.
The new terms of the agreement build upon a history of cross-promoting accommodations inventory between the companies. The Priceline Group and Ctrip will offer their respective hotel inventory to each other on an enlarged scale with more favorable partnership terms, including an agreement to enhance promotional efforts. Ctrip agrees to offer additional Priceline Group brand services to its customers, including inventory from rentalcars.com and OpenTable, and The Priceline Group also agrees to promote Ctrips other travel services to its customers, including air ticketing and attraction ticketing services.
Ctrip is the clear leader in online travel in China and we are pleased with the growth in Ctrip bookings through Booking.com and Agoda over the last two years. We are eager to build upon what has already become a great partnership, and thrilled to be able to offer our customers even more hotel options in China, said Darren Huston, President & CEO of The Priceline Group. Travel to and from China is growing rapidly, and through this partnership, we have an opportunity to further help the world experience China, and China experience the world.
The Priceline Group is the global leader in online accommodations, and as such, a key strategic partner for us as we look to expand our global footprint, said James Liang, Co-founder, Chairman and CEO of Ctrip. Both of our companies operate on the same philosophy to deliver exceptional products and seamless online booking experiences for our customers, and we are eager to jointly invest in improving the experience for travelers worldwide.
About The Priceline Group
The Priceline Group [NASDAQ: PCLN] is the world leader in online travel, serving consumers and partners through six primary brands - Booking.com, priceline.com, Agoda.com, KAYAK, rentalcars.com and OpenTable. For more information, visit PricelineGroup.com.
About Ctrip
Ctrip.com International, Ltd. is a leading travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. Ctrip aggregates hotel and flight information to enable business and leisure travellers to make informed and cost-effective bookings. Ctrip also helps customers book vacation packages and guided tours. In addition, Ctrip corporate travel management services help corporate clients effectively manage their travel requirements. Since its inception in 1999, Ctrip has experienced substantial growth and become one of the best-known travel brands in China.