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Mangocity Intends to Take over 1Rest, May Complete Deal after Spring Festival
Source:InvestToChina  Date:2009-01-16

Brief Introduction:

Mangocity, the online tourism company under China National Travel Service (HK) Group Corporation, said on January 14 that it intends to take over 1Rest. The two parties now are in the stage of negotiation and the deal is expected to complete after the Spring Festival. The move is aimed at resource integration, so as to form a differentiated competition with Ctrip.

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