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during the Aspen Action Forum in Aspen, Colorado, USA where she was joined on stage by David Rubenstein, co-chairman of The Carlyle Group, who previously invested in the company in 2003. The secret to how Ctrip grew in value by 210x was revealed by Jane Sun, CEO of Ctrip.com, International Ltd.,
In addition to major reasons like enormous debts and difficulties in operating airlines, its lack of online presence and reduced demand for tour packages caused the company to go downhill. Booking Holdings with its 41 percent share and Expedia with about 32 percent are dominating the onlinetravel agencies market.
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