Baidu to Invest $306 Million in Travel Search Site
In recent years, Baidu has formed a joint venture with the Japanese online shopping mall site, Rakuten, invested in a Hulu -like video site and sought to team up with mobile phone makers that use the Android operating system in the hope of having Baidu used in mobile search.
Qunar, which was co-founded by an American, Fritz Demopoulos, along with the Chinese-born Zhuang Chenchao and Douglas Khoo of Malaysia, is one of China’s fastest growing online travel sites. It provides searches on flights, hotels and group buying.
Travel inside of China has exploded with the country’s wealth and the growth of airports and high-speed rail . Ctrip.com , which is listed on the Nasdaq, is China’s best-known travel site and has a market value of about $23 billion.
Qunar was founded in 2005 and received early financing from the Silicon Valley venture firms Mayfield and GSR Ventures; it has also received financing from Tenaya Capital and GGV Capital.
“Baidu’s investment was a strategic investment,” said Mr. Zhuang, the co-founder of Qunar. “An I.P.O. is still part of our plan.”
Baidu closed Friday at $128.68 on Nasdaq, valuing the company at around $45 billion and making it one of the world’s richest Internet companies.
Malaysia Search Engine - News
SHANGHAI — The Chinese search engine giant Baidu.com said on Friday that it would invest $306 million in Qunar.com, an online travel site planning an initial public offering. The deal represents one of the largest investments ever made
Vuclip a mobile video search engine that has quietly been growing in usage, especially outside of the US Of course, Vuclip isn't as large as YouTube in terms of views. For basis of comparison, YouTube mobile gets over 100 million views a day and VuClip
LOCUS-T Has Been Awarded as Malaysia's First Yahoo! Search Marketing (Southeast Asia) Authorised Reseller in this May 1, 2011 LOCUS –T was awarded Yahoo Search Engine Authorised Reseller in Southeast Asia Region since 1st May 2011.
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FilesTube Media Search Engine, one of the sites ordered blocked, also commented on the page. “We have posted information about this on our wall. We are with you.” Before the page was put up, some Malaysians were already protesting via Twitter.
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