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Regulators fine Qunar for asking staff to work overtime

Chinese online travel service provider Qunar has been hit with a RMB 3,250 ($513) fine by the Beijing Human Resources and Social Security Bureau for requiring employees to work during official holidays, in the latest in a series of overwork scandals to hit Chinese tech companies. Qunar explained in a Monday response that it had obtained employee consent for the extra shifts which it said were necessary to address surging customer services demands during the pandemic. Chinese authorities rarely issue fines related to overwork, although the practice has drawn wide public ire following employee deaths at e-commerce giant Pinduoduo and streaming site Bilibili. [Sina, in Chinese]

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Ctrip, Qunar End China’s Biggest Online Travel Rivalry With Multi-Billion Dollar Partnership

The spate of consolidations between Chinese tech companies continues as yet another industry rivalry is settled in a multi-billion dollar partnership. Ctrip.com International Ltd. and Baidu-backed Qunar Cayman Islands Ltd. have announced a matchup today that will have a valued worth of approximately $15.6 billion USD. Unlike other recent match-ups in the market, Qunar and Ctrip’s partnership involves a share […]

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Market Expertise Still More Important Than Tech And Capital In China: Qunar Founder

Despite the fact that the Middle Kingdom is currently bursting with investment capital, the secret to successfully launching in China is still relationships and market knowledge, according to Qunar co-founder Frederick Demopoulos who spoke at TechCrunch Shanghai this Monday. Qunar, one of the country’s largest travel service websites, is among the most successful foreign co-founded companies currently […]

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Qunar Joins Ongoing Open Platform Fight

Chinese online travel company Qunar launched a new cloud-based open platform recently, opening its data, access, resources, supply chain, customers, and capital to the entire travel industry. In terms of capital support, Qunar announced that it will provide a combined RMB1 billion (around US$161 million) incubation funding for projects under the platform. “We will offer RMB500,000 […]

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Chinese Travel Search Qunar Follows $15mn Series B Financing for Taxi-hailing App GrabTaxi

Chinese travel search Qunar (NYSE:QUNR) announced today it followed the $15 million Series B financing for GrabTaxi, a Singapore-based taxi-calling app targeting at Southeast Asia market. The round is led by GGV Capital with participation from existing investor Vertex Venture Holdings, which just invested an undisclosed amount of Series A financing a few months earlier. GrabTaxi is now operating in […]