Monday, June 27, 2011

Baidu's big play into online travel

qunar -- main

After a yearlong negotiation, China?s biggest search engine, Baidu, announced on Friday that the company has reached a strategic agreement with Qunar.com (???), China?s biggest travel website.

The agreement means Baidu will invest a total of US$306 million in Qunar.com, thereby becoming Qunar?s biggest shareholder.

The deal represents the largest investment Baidu has made in its company history.

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Source: http://www.cnngo.com/shanghai/visit/baidu-invests-us306-million-chinas-biggest-travel-search-engine-495858

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