Report: Travelfusion Acquired By CTrip For $160M

January 7, 2015 | Travelfusion, a London-based travel distribution system, was acquired by China’s CTrip for $160 million, sources told TheMarker. CTrip announced earlier in the week that it purchased a controlling stake in Travelfusion, but now sources tell TheMarker that CTrip has actually purchased the entire company for the said total. Travelfusion was founded by Israeli Moshe Rafiah in 1999, but since its founding, the company has been based out of London and Shanghai, working with online travel agencies, travel management systems and self-booking tools across the world.