Tencent Buys Online Travel Stake In eLong.com

Chinese online travel service provider eLong Inc. reported its unaudited financial results for the first quarter ended March 31, 2011, and said Tencent made a strategic investment in the company.

GreenTree Inn Cooperates With Expedia

Chinese budget hotel chain GreenTree Inns Hotel Management Group announced it has established a partnership with Expedia, the world’s largest online travel company.