Rumor: Qunar to IPO by H1 2013

China Business News, 10/31/12

Chinese internet firm Baidu's (Nasdaq: BIDU) online travel services subsidiary, Qunar, has reportedly quietly made plans to IPO at the end of this year or in H1 2013 at the latest.

Qunar has divided its operations into three major departments - air ticketing, hotel reservations, and mobile operations - and established an innovation department. According to a source within the company, Qunar has already created a pool of new stock options. Although some employees already hold options, Qunar will issue more as incentives.

Editor's Note: For more information on this topic, please see "Rumor: Qunar Files For IPO," MD 5/16/12 and "Qunar to IPO in US in 2012," MD 9/15/11 issues.

Keywords: Internet IPO online travel Qunar Baidu BIDU online ticketing

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