eLong (LONG) Posts Q2 Loss of $1.58/ADS

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Go back to eLong (LONG) Posts Q2 Loss of $1.58/ADS

eLong Announces Receipt of Preliminary Non-Binding "Going Private" Proposal

August 3, 2015 6:00 PM EDT

BEIJING, Aug. 3, 2015 /PRNewswire/ -- eLong, Inc. (Nasdaq: LONG), a leading mobile and online travel service provider in China, today announced that its Board of Directors (the "Board") has received a preliminary non-binding proposal letter, dated August 3rd, 2015, from Tencent Holdings Limited ("Tencent"), proposing a "going-private" transaction (the "Transaction") to acquire all outstanding ordinary shares (the "Shares") of eLong, Inc. (the "Company") not already beneficially owned by TCH Sapphire Limited which is a wholly owned subsidiary of Tencent, the major shareholders in the Company accounting for at least 70% in voting power of the... More

eLong Reports Second Quarter 2015 Unaudited Financial Results

August 3, 2015 6:00 PM EDT

BEIJING, Aug. 3, 2015 /PRNewswire/ -- eLong, Inc. (Nasdaq: LONG), a leading mobile and online travel service provider in China, today reported unaudited financial results for the second quarter ended June 30, 2015.

Highlights

Accommodation reservation[1] room nights stayed in the second quarter increased 36% to 11.4 million room nights compared to 8.3 million in the prior year period. Gross revenue earned from accommodation reservation (Non-GAAP)[2] reached RMB363 million, increasing 10% in the second quarter of 2015 compared to the same period in 2014.... More