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Chinese online travel company buys Skyscanner for £1.4bn

Ctrip International, the Chinese online travel service provider, has agreed to buy Skyscanner, the airfare comparison web site, for approximately £1.4bn.

The deal adds to the $191bn worth of Chinese overseas acquisitions that were announced during the first nine months of this year, with a number of those deals taking place in the travel and entertainment industries.

But some deals in tourism are heading in the other direction, with Airbnb in talks to buy China’s second-largest home accommodation service, Xiaozhu.

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