Qunar’s Rejection Of Ctrip Offer Gets Mixed Reviews

By | June 2, 2015

Scalper1 News

China online travel provider Qunar Cayman Islands (QUNR) received mixed reviews from analysts following its first-quarter earnings and its rejection of a buyout offer from Ctrip, China’s leading online travel agency. Qunar reported Q1 revenue of $108.3 million, an increase of 100% from the same quarter a year earlier and topping the consensus estimate. Its per-share loss was less than expected as well. Qunar said that it had rejected the Scalper1 News

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