Tripadvisor Acquiring Kuxun.com
TripAdvisor is buying Kuxun.cn, a Chinese flight and hotel search engine, at an undisclosed amount (the rumor is, it is 12 million USD).
TripAdvisor, owned by Expedia, plans to invest over US$50 million in China through late 2011. The budget includes buying Kuxun, launching its own Chinese travel-review Web site, Daodao.com and hiring more staff.
According to the company, Daodao had 4 million unique visitors in September.
