In China's Online Travel Race, Qunar Is Growing the Fastest
Skift Take
Qunar is the fastest growing online travel company by far among the Big Three in China, although it is less than half the size of industry leader Ctrip. Can Qunar keep it up? Ctrip is feeling the pressure and is having to dial back on profits to ensure it will stay on top.
In the cutthroat China online travel competition, red ink doesn't count for much, and Qunar, which is piling up losses, is the fastest growing company among the Big Three.
Qunar, which reported its third quarter results today, saw its total revenue jump 107.8% year over year to $81.6 million.
The much-larger Ctrip, which indeed turned a profit in the third quarter, grew its total revenue at a much more measured pace, 37.3%, to $368.1 million. Ctrip's stock price tumbled afte
