Tencent Holdings Ltd., China’s biggest Internet company, bought a $84.4 million stake in ELong Inc. (LONG) to expand in online travel, following Google’s purchase of ITA Software Inc. Tencent acquired a 16 percent stake in ELong to become the online-travel company’s second-biggest shareholder behind Expedia Inc. (EXPE), the companies said in a joint statement yesterday. Expedia paid $41.2 million to increase its stake in Elong to 56 percent, according to the statement. Chief Executive Officer Ma Huateng is accelerating Tencent’s pace of investments to add applications and services for the company’s more than 300 million users beyond online games, social networking, and Internet shopping. Google last month completed the $700 million purchase of ITA, boosting the global search-engine leader’s ability to parse travel data. Get the full story at Bloomberg