Baidu (BIDU +0.9%) inks a deal to purchase for $306M, a majority stake in Chinese travel search...

|By:, SA News Editor

Baidu (BIDU +0.9%) inks a deal to purchase for $306M, a majority stake in Chinese travel search site Qunar. Founded in 2005, Qunar "offers Chinese consumers real-time searches for air and rail tickets, hotels, and tour packages."