Ctrip.com and Qunar, China’s two leading travel websites, yesterday announced a strategic partnership in a deal that creates the country’s biggest online travel service and taps into its fast-growing tourism market.
Under the terms of the deal, Ctrip.com will own roughly 45 per cent of Qunar, while Qunar’s backer, China search group Baidu, will take a 25 per cent stake in Ctrip.com.
Baidu’s US-listed shares rose more than 9 per cent in premarket trading on news of the deal.
您已阅读21%（476字），剩余79%（1791字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。