Ctrip tripped up by trade standoff
(WorldNews Business)

China´s biggest online travel company is facing the short-term realities of the US-China trade dispute. `The trade war caught many companies by surprise; nobody was really prepared,` Ctrip.com International Ltd CEO Jane Sun told the Financial Times in a story published Monday. `The trade war affects confidence in both countries.` Shares of Ctrip have dropped $6 billion in valuation this year. The Shanghai-based company´s stock closed on Monday at $27.31, down 87 cents, or 3.09 percent on a day when the major US stock indices also were pummeled. Ctrip´s stock´s 52-week high of $51.91 was...