Chinese Travel Search Qunar Files for NYSE IPO

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. Apart from a travel search, Qunar also operates a marketplace for online travel…

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 media on April 23, "it brings consumers convenience.…

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 is unknown.(in Chinese) Qunar's official response is that the report was…

Qunar CEO: We Aimed At 1% of China GDP

Qunar, Chinese online travel booking service seems to be growing to a ‘super’ company, even on a par with Ctrip in just a few years. The local magazine The Founder interviewed the team and this was the summary of the report. Overall, Mr. Zhuang Chenchao, CEO of Qunar was seemingly confident of the future as he once said, Qunar had far surpassed Ctrip in traffic, and we’re on track to to overtake…

Qunar Restructures, Implying Imminent IPO?

In January this year, Chinese OTA (online travel agency) Qunar told us that it planned to go public once market stabilized. While according to the latest updates from insiders, the Beijing-based company is packing for an IPO in the States no later than the first half of 2013. Qunar created a new option pool to motivate employees. On the other hand, It is said that Qunar just restructured into…

Qunar Launches New Platform to Serve Partners

Chinese consumers have grown accustomed to the annual summer promotion buzz when major Chinese B2C sites like 360buy, Amazon, Dangdang and Taobao Mall tout to  buyers with discounts, rebates. And now the buzz for the first time spread to the OTA sector with eLong, MangoCity and Ctrip successively announcing big money for the OTA price warfare. Chinese meta search Qunar might be the few ones that…

Qunar to Go Public “Once Market Stabilizes”

Zhuang Chenchao, CEO of Qunar, the Chinese online travel booking service which recored RMB hundreds of millions in sales with 100% year-over-year growth last year, said that the company is considering getting listed in the States once “market has been stabilized”, he didn’t reveal if there’s an exact timing table though. Jenna Qian, the company’s spokesperson said in last September that Qunar…

Ctrip Rebuts Qunar Traffic Gain: They’re 10 Years behind Us

“Qunar is at least 10 years behind us.” said Fan Ming, co-founder and CEO of Ctrip, the first time the leading Chinese OTA (online travel agency) responded to Qunar’s recent PR efforts claiming the traffic of Qunar is now 3 times that of Ctrip. A latest report by Hitwise ranked Qunar as the No.1 Chinese online travel site with a percentage of visits of over 42% in this November, while Ctrip came…

Aggregator Rules? Qunar and Kuxun Gain on Ctrip

Aggregator Rules? Qunar, the Chinese travel booking service aggregator topped China OTA (online travel agency) market with a percentage of visits of over 42% in this November, according to market researcher Experian Hitwise. Kuxun, the Chinese subsidiary of TripAdvisor with a business model similar to Qunar came in a distant second, gripping over 16.88% of the market share in its hand while…