- Qunar (QUNR +10.9%) has announced it recorded 60K+ air ticket bookings on New Year's, and that half of its hotel bookings now come via mobile devices. (PR)
- The company also boasts (among other things) its Cheche mobile taxi-booking service now covers over 42 Chinese cities, and that a report from research firm TalkingData calls Qunar "the [travel] market leader for both December mobile app user coverage and usage rates for Android devices."
- Qunar, which had been largely treading water since delivering a very strong IPO on Nov. 1, closed sharply higher in response. Rival Ctrip (CTRP -7.9%), meanwhile, went in the opposite direction.
- The shoe was on the other foot last week: Ctrip rallied and Qunar slumped following a T.H. Capital note highlighting strong download activity for Ctrip's Android and iOS apps.