Expedia, Inc. Acquires Stake in eLong, Inc. from Renren Inc.
"We're pleased to have an opportunity to increase our investment in eLong as we see China as a key market in our efforts to expand internationally," said Dara Khosrowshahi, President and Chief Executive Officer of Expedia. "We have been very happy with the strategic and operational progress made by eLong and look forward to many more years of success."