[eLong Reports First Quarter 2011 Unaudited Financial Results BEIJING, May 16, 2011 /PRNewswire-Asia/ — eLong, Inc. (Nasdaq: LONG), a leading online travel service provider in China, today reported unaudited financial results for the first quarter ended March 31, 2011. Highlights — First Quarter 2011 • Net revenues for the first quarter • Income from operations for the first quarter •] [Tencent Acquires 16 % of eLong in Strategic Investment, Expedia, Inc. Co-invests eLong and Tencent to Cooperate to Bring Online Travel Services MAY 17, 2011 — BEIJING — eLong, Inc. (NASDAQ: LONG), a leading online travel service provider in China, today announced a strategic investment by Tencent Holdings Limited (SEHK 00700), one of the largest providers of Internet, mobile and] [EXECUTION COPY SHARE PURCHASE AGREEMENT Agreement Company Purchaser SHARE PURCHASE AGREEMENT (this “ W I T N E S S E T H: Shares WHEREAS, on the terms and subject to the conditions set forth herein, the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company 6,031,500 newly issued Ordinary Shares] [EXECUTION COPY SHARE PURCHASE AGREEMENT Agreement Company Purchaser SHARE PURCHASE AGREEMENT (this “ W I T N E S S E T H: 5,400,500 Shares WHEREAS, on the terms and subject to the conditions set forth herein, the Company desires to issue and sell to the Purchaser, and the Purchaser desires to purchase from the Company NOW, THEREFORE, in consideration] [EXECUTION COPY INVESTOR RIGHTS AGREEMENT Agreement Company Investor Expedia INVESTOR RIGHTS AGREEMENT (this “ W I T N E S S E T H: Share Purchase Agreement WHEREAS, the Company and the Investor are parties to a Share Purchase Agreement dated as of May 16, 2011 (the “ NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein]