Baidu set to become largest shareholder in VC-backed Qunar
Internet search giant Baidu is set to invest $306 million in venture capital-backed Chinese travel site Qunar, which would make it the majority shareholder in the company.
According to a joint statement, the deal is slated to close by the third quarter of this year. Qunar will continue to operate as an independent company, managed by both Qunar and Baidu executives in certain...
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