Traveloka, one of Southeast Asia's biggest travel booking websites, is looking to raise $400 million in its latest funding round with Expedia providing the bulk of the capital.
Expedia has been very active in Southeast Asia in recent years. The company paid $86.3 million in 2015 to increase its stake in Malaysian budget airline AirAsia to 75%.
Expedia shares were down 2.1% to $153.64 in afternoon trading Thursday.
More of What's Trending on TheStreet: