China’s Baidu-backed travel company Qunar has become one of the country’s leading online travel search providers, boasting about 75 million monthly visits.
Yesterday, Baidu, China’s largest search engine, trumpeted the astonishing growth of its travel site Qunar, which in the fourth quarter became Chinaâ€™s largest internet retailer of airline tickets â€” overtaking Ctrip, the dominant OTA.
China’s largest online travel agencies are battling for their share of the domestic travel market, which is growing about 14%-a-year, and more in our roundup of the stories that are making news and driving opinion today.
Chinese search engine Baidu is wasting no time making the most of its $306 million investment in metasearch site Qunar, promising to soon incorporate hotel search.
While some industry folk in the western hemisphere gasp at levels of money being thrown into the likes of Wimdu and Airbnb, over in China there are even bigger sums in play.