The agreed merger of two of China’s main online booking sites, Tongcheng Network and eLong to form Tongcheng-Elong, will count China’s largest online travel agency, Ctrip, and Tencent as major shareholders.

Ctrip has been involved in both companies since 2014 and 2015 respectively, while tech firm Tencent is the owner of WeChat, offering online traffic and payment through its wallet technology.

The transaction is subject to closing conditions and regulatory approvals, but hints at further expansion by Ctrip into Europe and North America.

Read more: