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Baidu to acquire majority stake in Qunar

Monday 27 June 2011 11:49 CET | News

Chinese search engine company Baidu is set to acquire a majority stake in language travel search website Qunar for USD 306 million.

Qunar provides Chinese consumers with searches for air and rail tickets, hotels and tour packages. The website also offers travel-related resources such as group-buying deals and user discussion forums.

Baidu leverages a payment platform, dubbed Baidubao, designed to allow customers to pay for their online purchases on the e-commerce platform Baidu Youa by using their Visa and China Unionpay-branded cards.

Baidu provides services including a Chinese language search engine for websites, audio files and images. The company offers 57 search and community services including Baidu Baike, an online collaboratively-built encyclopedia and a searchable keyword-based discussion forum.


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Keywords: Baidu, majority stake, Qunar, online commerce
Categories: Payments & Commerce
Companies:
Countries: World
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Payments & Commerce