Baidu (BIDU -1.2%) has reportedly taken part in a $57M funding round for its Qunar Chinese...

|By:, SA News Editor

Baidu (BIDU -1.2%) has reportedly taken part in a $57M funding round for its Qunar Chinese online travel unit. Baidu bought a majority stake in Qunar for $306M in 2011. Since then, the business has taken off, with Qunar (according to Baidu, at least) having recently passed Ctrip (CTRP) as China's top airfare bookings site, though it has recently had to contend with a boycott from partners upset about pricing/policy changes. Qunar, believed to be plotting a much-delayed IPO, also competes with Alibaba and eLong (LONG); the latter is backed by Tencent.