- Qunar (QUNR +7.8%) has surged to new 52-week highs today as the Street continues reacting to the Chinese online travel agency's Q4 beat, strong mobile growth, and solid Q1 guidance.
- JG Capital's Henry Guo is pleased with Qunar's declining dependence on its Baidu Zhixin JV (as organic mobile traffic accounts for a larger % of revenue). "We consider the trend a positive as share dilution due to Zhixin partnership should be much less than expected." Marketing spend related to the JV totaled $40.3M in Q4.