Qunar: $20m in Cash & Copious E-Tickets 

Posted on Dec 08, 2009 | 17:12

 

Beijing-based travel search engine Qunar.com currently has more than $20 million in cash reserves, reports 163.com citing company founder and President Zhuang Chenchao. Zhuang expects online sales to account for 35% of air ticket sales next year, said the report.

Reports in mid-November said that Qunar.com confirmed it has received third-round financing of $15 million from GGV Capital as lead investor and co-investors Mayfield Fund, GSR Ventures, Tenaya Capital.

Tags:  Internet Qunar.com Search Travel Zhuang Chenchao

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