China's Qunar and Baidu Work Like Hand and Glove with $300 Million Credit Line

China's hybrid travel site Qunar and its controlling shareholder, Baidu, the country's largest search engine, are cooperating deeply to build Qunar's already large travel business. Qunar announced yesterday that it signed a three-year $300 million revolving credit agreement with Baidu, which enables Qunar to bolster its investments in mobile, flights and hotels, and aids its liquidity. Qunar says it operates independently of Baidu,