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