Qunar

  • Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott

    Baidu, Hillhouse & GGV Reportedly Invest $57M In Qunar As The Chinese Travel Site Weathers A Boycott

    Baidu, Hillhouse Capital, and GGV Capital have invested a total of $57 million in Chinese travel site Qunar, according to a report by First Financial Daily (link via Google Translate). The news comes as Qunar weathers a boycott by third-party service providers triggered by a change in its operational and pricing policies. South China Morning Post writer Doug Young speculates that Qunar might… Read More

  • Qunar Baidu Deal Closes. How This Could Ripple Through Chinese Startups.

    Qunar Baidu Deal Closes. How This Could Ripple Through Chinese Startups.

    Chinese search giant Baidu’s investment in Qunar officially closed ┬áthis week, and the two teams are working on integrating Qunar’s search results into Baidu’s travel vertical now. I caught up with Qunar’s CEO Chenchao Zhuang for his first Western interview about the deal to talk about what the deal means for the company and China’s Web scene broadly. This… Read More

  • GSR Ventures Raises Fourth China Fund at $350M

    GSR Ventures has raised its fourth venture fund focused on investing in early stage Chinese companies. It took just six weeks of effort, was completed in a single close, and more than 80% of the commitments came from very happy existing investors. The big surprise to those LPs? Given the frothiness of the Chinese market, that GSR didn’t ask for more. Read More

  • Baidu Makes $306 Million Strategic Investment In Chinese Travel Search Engine Qunar

    Chinese search engine Baidu has made a $306 million investment in Qunar, travel search engine in China. The investment will make Baidu the majority shareholder of Qunar. Qunar had previously raised $25 million in funding. Previous investors include the Lehman Brothers, GSR Ventures Management, Mayfield Fund, and Tenaya Capital. Founded in 2005, Qunar is basically the Kayak for China. The… Read More