Tag Archives: qunr

Qunar Beats Q3 Estimates As China Online Travel Heats

Qunar Cayman Islands (QUNR) grew revenue beyond expectations, sending the stock up Wednesday morning. The leading Chinese online travel agency posted Q3 revenue of $208.5 million, up 164% from the year-ago quarter. But Qunar more than doubled its adjusted net loss to $98 million as it invested in marketing, product sourcing and product development. Both the top and bottom line beat the consensus view of analysts polled by Thomson Reuters by about

China Tech Stocks Recover, Qunar Travels On Q2 Beat

China online travel provider Qunar Cayman Islands (QUNR) posted a well-received Q2 report late Monday and became one of many China stocks that went on to rally Tuesday after China’s central bank cut its benchmark interest rate and freed banks to lend more. China’s government took action the day after the Shanghai and Shenzhen stock exchanges plunged on economic slowdown fears, affecting stock markets around the world and slamming U.S.-traded

Ctrip Responds, Shuts Door On Qunar Acquisition Hopes

Ctrip.com International (CTRP) said on Wednesday that it’s no longer interested in pursuing a merger with Qunar Cayman Islands (QUNR) after the China online travel company rejected its offer. Qunar disclosed the unsolicited offer from Ctrip to acquire all outstanding shares when it posted first-quarter earnings late Monday. Qunar, majority owned by China online search leader Baidu (BIDU), also disclosed that private equity firm Silver Lake