Ctrip Takeover Rumor Lifts China Internet ETFs

Exchange traded funds holding Chinese Internet stocks received some much needed good news Tuesday on speculation Ctrip.com (NasdaqGS: CTRP), sometimes described as the Priceline (NasdaqGS: PCLN) of China, is a takeover target. Shares of Ctrip are higher by 9.4% in late trading Thursday on...