Baidu Buys Majority Stake In Travel Site For $306M
Already the dominant search engine in China, especially since Google Inc. pulled out of the country in 2010 amid complaints of censorship, Baidu has been looking for way to compete in other online arenas, including Internet video and e-shopping. The company said the deal with Qunar furthers that goal.
"Travel has long been one of the top categories on Baidu, and...
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