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Ctrip, Qunar vacation units to merge

Nov. 23, 2016 10:10 AM ETTrip.com Group Limited (TCOM) StockTCOM, QUNR, TOURBy: Yoel Minkoff, SA News Editor
  • CEO Yang Tao recently sent an internal company-wide email announcing that Ctrip's (CTRP -1.2%) vacation business unit will merge with the vacations division of Qunar (QUNR), Marbridge Daily reports.
  • Ctrip's senior management also denied earlier rumors that Ctrip planned to acquire Tuniu Technology (TOUR -0.9%), operator of online travel site Tuniu.

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