China's largest online travel agencies lower in US trading after recent share-swap boost
US-listed shares in China’s two largest online travel agencies traded down after a recent share-swap deal bolstered the firms’ prices.
Ctrip.com was down by 1.63 per cent to US$94.79 in early trading on Tuesday. Qunar Cayman Islands were down 0.46 per cent to US$43.55.
The companies announced a major share-swap agreement late last month that boosted both companies prices.