Connecticut-based online travel booking website Priceline Group Inc. has agreed to invest an additional US$250 million in Chinese travel service group Ctrip.com International Ltd., according to a joint announcement. The investment will be made via a convertible bond. In addition, NASDAQ-listed Ctrip has granted permission to Priceline to acquire Ctrip's American Depositary Shares (ADS) in […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.