Baidu investment
By Ding Yining |
June 28, 2011, Tuesday
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Print Edition
Print Edition
CHINA'S largest search site Baidu said it has invested US$306 million to become the largest shareholder in Qunar.com, an online search portal for travel information.
Qunar, founded in early 2005, offers real-time prices on air tickets, hotels, train tickets and other basic travel services. It had raised US$27 million from GGV Capital, Mayfield Fund, GSR Ventures and Teneya Capital.
Qunar, founded in early 2005, offers real-time prices on air tickets, hotels, train tickets and other basic travel services. It had raised US$27 million from GGV Capital, Mayfield Fund, GSR Ventures and Teneya Capital.
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