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Exit hatch

27 September 2019 By Sharon Lam, Pete Sweeney

The $37 bln web giant is offloading nearly a third of its holding in China’s largest travel agency for $1 bln. Ctrip stock has shed over 30% since Baidu came in; still, thanks to an initial share swap, boss Robin Li can book a profit. Now he needs to spend on more than buybacks.

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