Baidu (BIDU)-owned Web travel firm Qunar Cayman Islands (QUNR) and Ctrip.com International (CTRP) are in wide-ranging discussions that may include a possible merger, Bloomberg News reported Tuesday, citing two sources with “direct knowledge of the talks.” The two companies reportedly are in the preliminary stages of discussing potential deals that may include partnership arrangements that fall short of an actual merger. Bloomberg says the
Ctrip International (CTRP) and Qunar Cayman Islands (QUNR), leaders in China’s burgeoning online travel industry, took a beating Thursday, with one analyst saying the cost of the pair’s expansion plans might worry investors. Ctrip.com stock was down 10% in afternoon trading Thursday, while Qunar stock plunged 15% in the stock market today. Baidu (BIDU), which owns a majority of Qunar, fell more than 3%. Expansion into new areas for both companies
Chinese travel company Qunar (QUNR) says it attracted a record number of single-day airline bookings in its New Year’s sales event, sending its U.S. stock 13% higher in afternoon trading Friday. Customers booked more than 60,000 flights during a 24-hour period over the holiday, the Beijing-based Qunar Cayman Islands said in a press release. China online search leader Baidu (BIDU) holds a controlling stake in Qunar. Qunar competes in China with