A travel website majority-owned by Chinese search engine Baidu is planning a 2012 U.S. initial public offering, according to MarketWatch.
The details of Qunar's planned IPO are not yet available, a spokeswoman told MarketWatch in Beijing.
Qunar and Baidu were not immediately available for comment after normal business hours in China.
Baidu in June invested $306 million in Qunar and became the company's majority shareholder. Qunar's website provides real-time searches for air and rail tickets, hotels and tour packages.
© 2024 Thomson/Reuters. All rights reserved.