Qunar soars after highlighting air bookings, mobile gains; Ctrip slumps

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.

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Comments (3)
  • foreigner917
    , contributor
    Comment (1) | Send Message
    Evidence is either lacking or in doubt, whenever the source originates from China, even if the source is a China-based foreign firm.
    4 Jan 2014, 01:29 AM Reply Like
  • grepa
    , contributor
    Comments (74) | Send Message
    $CTRIP response seems excessive... Should we expect a swift rebound?
    4 Jan 2014, 08:34 AM Reply Like
  • jpomerance
    , contributor
    Comments (36) | Send Message
    just look at the option activity. Most people, in the option world, are far more bullish than bearish.
    4 Jan 2014, 05:51 PM Reply Like
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