Ctrip.com International (CTRP) stock was up nearly 6% in afternoon trading in the stock market today on what Oppenheimer analyst Andy Yeung said seemed to be a “general” uplift among the Chinese Internet sector Tuesday. “The sector has been up quite a lot today,” Yeung said. He and other analysts, however, weren’t aware of any specific news regarding Ctrip.com. China search leader Baidu (BIDU) was up 4.5% in afternoon trading Tuesday. Online media
Baidu-backed Chinese online travel agency Qunar sees mobile travel bookings as a crucial part of its strategy to keep grabbing market share and remain China’s most-visited online travel website. Qunar — the name means “Where are you going?” in Chinese — is 61% owned by Baidu (BIDU), China’s No. 1 search engine. Jenna Qian, deputy general manager of Beijing-based Qunar Cayman Islands (QUNR), told IBD that Qunar, which raised $167 million in a
Youku Tudou (YOKU), Sohu (SOHU) Video and several other Chinese companies have teamed up with the Motion Picture Association of America to sue China search leader Baidu (BIDU) over copyrighted video content. The group is seeking about $49 million in damages, alleging that Baidu and software maker QVOD make it easier for users to find and download pirated video. “A large number of Chinese and foreign films and television productions are distributed