Ctrip Said to Complete Acquisition of VeryZhun
By Sabrina Zhang, China Aviation Daily | Jun. 27, 2012
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It is learnt from an insider on Jun. 26 that Ctrip.com International Ltd. (Ctrip), a Chinese online travel service provider, completed the acquisition of VeryZhun, a popular flight status app, at the beginning of 2012.
VeryZhun is a professional application program which provides real-time flight tracking and intelligent delay forecast for air travelers. Through VeryZhun, the users can obtain real-time status and accurate route maps of all the Chinese domestic flights. A variety of conditions that would affect the on-time flight operation can be learnt in advance while notifications for six main types of flight status including departure, arrival, delay, cancellation, inflight turnback (IFTB) and diversion can be received immediately.
As the leading enterprise of the online travel agencies in China, Ctrip has been ahead of the rest of the industry for the last decade. However, the net profit of Ctrip has been declining recently amid the combination of the business model migration and the increasing impact from the mobile accesses. According to the financial report of Q1 2012, the net profit of Ctrip dropped by 28 percent from the same period a year earlier. This underperformance has made business transformation and strategic layout the imminent considerations for Ctrip's senior management.
The Ctrip mobile access program was launched in February 2012 while an independent wireless business division was established.