Baidu now a majority shareholder in travel search engine

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    clpstaff &clp articles

    Chinese Internet giant, Baidu has purchased a majority stake in Chinese travel search engine, Qunar for US$306 million. The transaction is subject to closing…

    Chinese Internet giant, Baidu has purchased a majority stake in Chinese travel search engine, Qunar for US$306 million. The transaction is subject to closing conditions and will close in the third quarter of this year.

    Baidu is the Mainland's largest Chinese-language online search provider. Qunar offers real-time searches on flights, hotels and packages.

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