Travel Specialist Tongcheng-Elong Considers IPO: Source

A source has told Caixin that
A source has told Caixin that "there's some consideration for an IPO" of Tongcheng-Elong Holdings Ltd., created three months ago from the merger of Tongcheng and eLong. Photo: VCG

A new online travel agent created by the recent merger of second-tier players eLong and Tongcheng is considering a separate listing as it seeks to position itself as a specialist in services for budget-conscious travelers, according to a source with direct knowledge of the situation.

Tongcheng and eLong, both of which had counted leading online travel agent International Ltd. as one of their largest respective shareholders, completed their merger in December to form Tongcheng-Elong Holdings Ltd., according to an announcement at the time of the merger.

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