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China’s Ctrip Will Own Nearly Half of India’s MakeMyTrip After Share Swap

A 2017 view of the lobby of the Shanghai headquarters of, which has exchanged shares with Naspers, with Naspers swapping its stake in MakeMyTrip for newly issued shares in Ctrip. Qilai Shen / Bloomberg

Skift Take: It makes sense that Ctrip, the market leader in China, would be interested in strategically working more closely with MakeMyTrip in the fast-growing Indian market. In a new deal, it now has five of the 10 board seats at India’s largest online travel agency group.

— Sean O’Neill

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