Travel search and service provider Qunar just filed with the SEC, planning to raise $125 million in an IPO on the NYSE under the ticker QUNR. Incorporated in 2005, the company received $306 million in investment in June 2011 from Baidu who now owns 61% of Qunar. As of June 2013, the company has 1699 employees. […]
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Qunar: A Proven Model of A Vertical Search Plus A Transaction-enabled Service?
When Baidu invested in Qunar in 2010 and asked about vertical search engines, Robin Li, CEO of Baidu, said he believed most users were lazy and would rather visit an all-in-one search service like Baidu for all types of information. Also he was confident that Baidu users would increasingly rely upon its service and brand. His comment […]
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Travel Search Qunar Sets IPO Price Range to Raise up to $147 million
Qunar, China’s leading travel search and online travel booking service, has set price range at US$9.50 and US$11.50 per ADS that totals the funding to be raised in the initial public offering up to $146.9 million, according an updated file with the SEC. The number is higher than the previous, $125 million. The travel search filed for […]
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Qunar CEO Defends TTS：for Consumers It’s All about Convenience
Qunar encouraged its OTA partners to join the TTS, an aggregation platform where online travel orders can be directly processed, in March with preferential terms, but it wasn’t appreciated. As we have covered, eLong, 17u.cn and a lot more removed their offerings to contend against Qunar. In response to it, Zhuang Chenchao, Qunar’s CEO told […]
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Qunar Reportedly Raised A New US$ 57 mn Round of Funding
It is reported that Qunar, an online travel search service majority-owned by Baidu, has raised a total of US$ 57 million in a new round of funding from Baidu, Hillhouse Capital and GGV Capital. The three investors each contributed US$ 19 million. It is said this round was secured in the past March and the valuation […]
