Date
15 August 2018

Ctrip may gain from stronger Qunar platform, SCMP says

Ctrip.com International, China’s largest online travel agency, may be an unintended beneficiary of the proposed US$125 million initial public offering by Qunar.com, the travel search engine controlled by Baidu, the South China Morning Post reported on Wednesday. A bigger Qunar platform after the stock listing is likely to drive even more business to Shanghai-based Ctrip, which is already the second-largest provider of packaged tours to Qunar’s website, the report said. Ctrip and Qunar agreed in August to cooperate in providing packaged tour offerings online. Barclays was quoted as saying in a report that Ctrip might “contribute close to 15 to 20 per cent of total package tour products for Qunar”.

– Contact HKEJ [email protected]

SK/RC

 

EJI Weekly Newsletter

Please click here to unsubscribe