Tag Archives: bidu

Ctrip, Qunar Expansion Plans Might Worry Investors

Ctrip International (CTRP) and Qunar Cayman Islands (QUNR), leaders in China’s burgeoning online travel industry, took a beating Thursday, with one analyst saying the cost of the pair’s expansion plans might worry investors. Ctrip.com stock was down 10% in afternoon trading Thursday, while Qunar stock plunged 15% in the stock market today. Baidu (BIDU), which owns a majority of Qunar, fell more than 3%. Expansion into new areas for both companies

Qihoo Climbs As Baidu Foe Snags Google China Boss

Qihoo 360 Technology (QIHU) stock continued climbing Wednesday, up more than 7% after the company’s Tuesday announcement that it had tapped a top Google executive in China to help monetize search in its battle against Baidu (BIDU). Qihoo stock, which peaked at 96.74 in October, was trading near 87.30 in midday trading in the stock market today. Qihoo stock rose 1.62% on Tuesday, as the stock has risen above its key 10-week moving average after

Baidu’s Qunar Stock Soars As It Fires Back At Ctrip

Chinese travel company Qunar (QUNR) says it attracted a record number of single-day airline bookings in its New Year’s sales event, sending its U.S. stock 13% higher in afternoon trading Friday. Customers booked more than 60,000 flights during a 24-hour period over the holiday, the Beijing-based Qunar Cayman Islands said in a press release. China online search leader Baidu (BIDU) holds a controlling stake in Qunar. Qunar competes in China with