Baidu takes off with Qunar
The ample potential of China's online travel industry was reiterated last week when internet search giant Baidu agreed to pay $306 million for majority ownership of venture capital-backed booking site Qunar. It follows the likes of Alibaba and Tencent in challenging Ctrip, the industry’s incumbent leader.
"Together [with Baidu], we can enhance the user experience of hundreds of millions of Chinese travelers, whether they're searching with their computers or their mobile devices," Qunar CEO Zhuang Chenchao...
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