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


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.

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  • vtorch
    , contributor
    Comments (314) | Send Message
     
    I don't believe that Qunar is as popular as Ctrip or eLong, particularly for business travel. I still go with Ctrip on my visits to China.
    15 Apr 2013, 02:56 PM Reply Like
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