Expedia's eLong Creates $100 Million Fund for Mobile Tech
Photo Credit: Chinese consumers are on the go and lots of them are booking hotels through eLong on their smartphones. This photo was taken in Guangdong, China, in January 2013. flickr.com / Mike Lau
Skift Take
eLong is putting its money, specifically $100 million of it, precisely where the company believes its future is, in mobile hotel technology. This initiative has certain parallels with what Concur is doing in using its own, larger investment fund, to encourage the development of travel startups doing interesting things.
