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Baidu's Travel Website Planning 2012 US IPO

Friday, 16 Sep 2011 10:50 AM

A travel website majority-owned by Chinese search engine Baidu is planning a 2012 U.S. initial public offering, according to MarketWatch.

The details of Qunar's planned IPO are not yet available, a spokeswoman told MarketWatch in Beijing.

Qunar and Baidu were not immediately available for comment after normal business hours in China.

Baidu in June invested $306 million in Qunar and became the company's majority shareholder. Qunar's website provides real-time searches for air and rail tickets, hotels and tour packages.

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A travel website majority-owned by Chinese search engine Baidu is planning a 2012 U.S. initial public offering, according to MarketWatch. The details of Qunar's planned IPO are not yet available, a spokeswoman told MarketWatch in Beijing. Qunar and Baidu were not...
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