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Tag Archives: Qunar
Qunar company news. Find out the latest breaking news for Qunar Cayman Islands Limited (QUNR).
Overview of an expert, doug Young.
Qunar, one of China’s largest online travel booking platforms, plans to expand its mobile business with a new $500 million investment
There’s a small flurry of IPO news today, with word that Baidu-invested (Nasdaq: BIDU) online travel site Qunar has relaunched its plans for a New York public offering. At the same time, anyone who was hoping for a near-term listing for hot smartphone maker Xiaomi might have to wait a while, with word that the firm won’t make a public offering for at least the next 5 years. Lastly, no IPO story would be complete without the latest speculation on the multibillion-dollar planned listing by e-commerce leader Alibaba, as pundits speculate on its next move following a recent clash with Hong Kong stock regulators. Read Full Post…
The following press releases and media reports about Chinese companies were carried on September 10. To view a full article or story, click on the link next to the headline.
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Xiaomi Turns Profitable, No IPO In Next 5 Years – Executive (Chinese article)
MIIT Approves 4 TD-LTE Smartphones, Observers See 4G Licenses Near (Chinese article)
Oriental DreamWorks (NYSE: DWA) Rewrites Its China Production Strategy (English article)
Baidu’s (Nasdaq: BIDU) Qunar To Make IPO As Early As Q4 – Sources (Chinese article)
SCA (Stockholm: SCAA) To Bid For Control Of Chinese Tissue Maker Vinda (HKEx: 3331)
Local media have been buzzing this week with word of a new alliance between the unlikely partners of Ctrip (Nasdaq: CTRP) and Qunar, 2 of China’s top online travel sites. The new alliance is actually rather modest, but is more surprising because the pair of companies are bitter rivals whose battle for market share has resulted in a recent series of price wars that have hit Ctrip’s earnings and threatened its market leading position. The companies have also said they will explore future cooperation, leading to the question of whether an outright merger might be in the future. Read Full Post…
Too much money isn’t always a good thing, as it often pressures companies to put that money to work even when good investment opportunities are limited. Baidu (Nasdaq: BIDU) demonstrated that reality earlier this week with its purchase of an online app store that had little relationship with its core online search business (previous post), and now Alibaba is also showing similar tendencies with its investment in an online travel services website. In Alibaba’s case, the new investment come as the e-commerce leader posted a record second-quarter profit, and as it prepares for a blockbuster IPO that increasingly looks like it will take place in Hong Kong. Read Full Post…
Everyone is talking about the latest blockbuster acquisition by online search leader Baidu (Nasdaq: BIDU), so I thought I’d get in my own quick thoughts on its purchase of one of China’s leading wireless apps suppliers. In some ways, Baidu’s purchase of 91Wireless for up to $1.9 billion looks like a smart move that will help it diversify beyond its core search business. But in others, the move seems to reflect an M&A strategy lacking focus, since the app business doesn’t really complement any of Baidu’s other core product areas. Read Full Post…
The following press releases and media reports about Chinese companies were carried on June 26. To view a full article or story, click on the link next to the headline.
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Carrefour (Paris: CARR) Considering Sale Of China, Taiwan Businesses: Report (English article)
China Mobile (HKEx: 941), Etisalat Weigh Bids For Pakistan Telco – Sources (English article)
Baidu’s (Nasdaq: BIDU) Qunar May Seek $1 Bln IPO in H2 2013 – Investors (English article)
Tencent (HKEx: 700) Invests $47 Mln In Kingsoft Security Software Unit (Chinese article)
HJEnglish Lands Second-Round $20 Mln Funding – Source (English article)
Former high-flyer Qunar is quickly discovering the risks of using third-party agents to provide many of its travel services, as many of those agents are suddenly leaving the platform in a mass uprising. The revolt in many ways looks similar to what happened 2 years ago to e-commerce leader Alibaba, which saw a similar uprising of smaller third-party merchants on one of its B2C e-commerce platforms after changing some of its pricing policies. Read Full Post…
The following press releases and media reports about Chinese companies were carried on April 10. To view a full article or story, click on the link next to the headline.
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SAIC: Apple (Nasdaq: AAPL) Apology Not Enough (English article)
Suntech (NYSE: ST) Receives Continued Listing Standards Notice From NYSE (PRNewswire)
The following press releases and media reports about Chinese companies were carried on April 3. To view a full article or story, click on the link next to the headline.
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ICBC (HKEx: 1398) To Buy 20 Pct of Taiwan’s Sinopac (Taipei: 2890) (HKEx announcement)
Paramount (NYSE: VIAb), China Movie Channel To Produce “Transformers 4” (English article)
China Telecom (HKEx: 728), Netease (Nasdaq: NTES) Partner on Mobile IM – Source (English article)
Baidu’s (Nasdaq: BIDU) Qunar Meets Resistance From Suppliers (Chinese article)
Class Action Suit Against Canadian Solar (Nasdaq: CSIQ) Dismissed (PRNewswire)
When is a 24 percent drop in net profit a good thing? The answer to that question should usually be “never”, but in the case of online travel agent Ctrip (Nasdaq: CTRP), the company’s latest drop in quarterly profit appears to be encouraging investors that a recent round of price wars in the sector is starting to ease. That would be good news not only for Ctrip, but also for rivals like eLong (Nasdaq: LONG) and up-and-comers like Baidu-invested (Nasdaq: BIDU) Qunar, which have been engaged in a stiff battle for market share for much of the last year.
The prolonged winter for Chinese IPOs in New York may finally be nearing an end, following the modestly successful listing of commercially-focused social media site YY (Nasdaq: YY). I am calling this listing “modestly successful” because it priced at the low end of its range and rose a modest 8 percent on its trading debut, which would be a good but not a great result under most circumstances. But against the broader background of a deep freeze in US investor sentiment towards Chinese companies over the last year and a half, this kind of performance could actually be considered a major breakthrough and triumph for the battered sector.
When is a 24 percent drop in net profit a good thing? The answer to that question should usually be “never”, but in the case of online travel agent Ctrip (Nasdaq: CTRP), the company’s latest drop in quarterly profit appears to be encouraging investors that a recent round of price wars in the sector is starting to ease. That would be good news not only for Ctrip, but also for rivals like eLong (Nasdaq: LONG) and up-and-comers like Baidu-invested (Nasdaq: BIDU) Qunar, which have been engaged in a stiff battle for market share for much of the last year.
The prolonged winter for Chinese IPOs in New York may finally be nearing an end, following the modestly successful listing of commercially-focused social media site YY (Nasdaq: YY). I am calling this listing “modestly successful” because it priced at the low end of its range and rose a modest 8 percent on its trading debut, which would be a good but not a great result under most circumstances. But against the broader background of a deep freeze in US investor sentiment towards Chinese companies over the last year and a half, this kind of performance could actually be considered a major breakthrough and triumph for the battered sector.
