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China online travel firm Ctrip in tie-up with rival Qunar

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Published Tue, Oct 27, 2015 · 09:50 PM

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Beijing

CHINESE online travel company Ctrip.com International Ltd on Monday announced a tie-up with rival Qunar Cayman Islands Ltd and its backer Baidu Inc through a share swap, to tap the rising number of Chinese travellers heading overseas.

The deal is valued at US$3.4 billion, according to Reuters' calculations.

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