Tencent has bid to buy all outstanding shares of eLong, one of China's largest online travel agencies. The deal would give the Chinese company a stake in an industry that is worth more than $US1 trillion ($A1.06 trillion), according to research firm CB Insights.
Tencent has bid to buy all outstanding shares of eLong, one of China's largest online travel agencies. Demand for travel agencies and services is rapidly increasing as Chinese consumers spend more money on domestic and overseas trips.