Ctrip Sues Golden Holiday
Chinese online travel service provider Ctrip (Nasdaq: CTRP) recently sued Beijing based travel agency Golden Holiday for alleging that Ctrip conducts its travel agent business illegally. Ctrip said Golden Holiday made the accusations without first getting confirmation from related government departments. Ctrip is seeking five million Yuan in compensation. Ctrip and Golden Holiday have been quarrelling since the end of 2003. Golden Holiday has sued Ctrip several times for conducting business without a license.