Qunar’s quarterly GMV expanded to over RMB30 billion for the first time, and achieved fourth consecutive quarter of revenue growth at 100% or above.
Qunar entered into a business cooperation agreement with Baidu, under which Baidu has agreed to grant Qunar an exclusive right to integrate hotel information and products into the PC and mobile app versions of Baidu Maps.
Qunar and Silver Lake announced strategic investment. Silver Lake has led a strategic investment round totaling $500 million in Qunar.
Qunar announced the pricing of its public offering of 6,526,316 American Depositary Shares (the "ADSs") at a price of US$47.50 per ADS. Each ADS represents three Class B ordinary shares of the Company.
Qunar CEO and co-founder CC Zhuang was named Young Global Leader for 2015 by World Economic Forum.
In the fourth quarter of 2014, Qunar’s mobile revenue contributed about half of total revenues for the first time, and accounted for 46% of TEFT, and 70% of TEHR.
Qunar formed an alliance with 22 of the world's premium high-end hotel groups, including Wyndham, Club Med, Banyan Tree, Howard Johnson, and Millennium.
The Mobile Department was upgraded to the Mobile Business Unit (“BU”). Zhenyu Chen was appointed as the Executive Vice President of Qunar and the CEO of Mobile BU, which initiated innovation projects such as the Car Service Seed Initiative (“SI”).
In the third quarter of 2014, Qunar’s mobile revenues accounted for 40.4% of total revenues, taking the lead among the global peers. At the same time, mobile grew significantly for the fifth consecutive quarter with over 300% growth rate and remained the first place in the industry.
The Flight Department was officially upgraded to the Flight Business Unit (“BU”), which initiated innovation projects such as the Bus/Train Ticket SI. Wei Yang was appointed as the CEO of Flight BU.
In the third quarter of 2014, the growth rate of flight tickets was 5 times higher than the industry average rate. The search coverage of the international airlines increased 70%. Meanwhile, the big data brought success to many small-to-medium airlines in terms of airline marketing.
The Department of Special Projects was officially upgraded to the Smart Accommodation Department with independent brand of Quhuhu. Ze Zhang was appointed as the CEO.
The Attraction Tickets Business Unit (“BU”) was officially established with Jie Hu as the CEO.
The Vacation Department firstly passed the company KPI review and was upgraded to the Vacation Business Unit (“BU”) with Xing Gao as the General Manager. The GMV increased approximately 5 times year over year.
Qunar established the Destination Service Business Unit (“BU”) with Qiang Zhang as the General Manager and soon the CEO. Starting from zero, the BU developed hotel direct business with the speed of signing 20,000 hotels every month. Currently, Qunar’s group buy exceeded that of MeiTuan in hundreds of cities.
Qunar went public on The NASDAQ Stock Market on November 1st, 2013.
Qunar’s market cap reached 3.7 billion U.S. dollars on the first day of trading, which is the highest growth record created by Chinese companies on IPO first day that year, which opened the window for Chinese companies to be listed in U.S.
At the same time, Qunar’s business model was widely accepted by investors and was emulated by many U.S. companies. It was the first time for a Chinese company to output the innovation model in the global market.
Qunar was awarded by the China Electronic Commerce Association (CECA) as one of the first batch of “China Internet Electronic Commerce Demonstration Enterprises”.
Qunar was awarded by iResearch as the “2012-2013 China Mobile Internet Travel Application-- Best Innovation Award”.
Qunar completed the restructure of the business departments, and established departments of Flight, Hotel and Mobile, and Seed Initiatives, and Department of Special Projects. Qunar also initiated incentives for internal entrepreneurship system.
Qunar was awarded as one of the “Top 10 Chinese Travel Groups of 2012”.
Qunar won the “2011 Annual Internet Growing Products and Services Award” by iResearch.
According to the “2012 Chinese Netizens Online Booking Behavior Survey Report” released by China Internet Network Information Center (CNNIC), Qunar was the most widely installed and used mobile app among the users who search travel information through cellphones.
Qunar’s mobile application was named as the best Chinese original travel app of 2011 by Apple China.
Qunar was awarded as “Top 20 Chinese Travel Groups of 2011”.
Qunar gained the most traffic share of 42% among Chinese travel websites, according to Experian Hitwise’s monthly user traffic report.
Qunar and Baidu announced a definitive agreement under which Baidu has committed to make a US$306 Million investment in Qunar and become the majority shareholder of Qunar. The investment is the largest in Baidu’s history and the largest in Chinese online travel industry. Qunar continues to operate independently.
Qunar established strategic partnership with China Tourism Academy.
Qunar became the world’s largest Chinese-language hotel review platform with more than 1 million user generated hotel reviews.
Qunar was honored by AlwaysOn as one of the AlwaysOn Global 250 winners, the only travel website to win this award.
Qunar is among the top 10 most popular travel websites and the only private company on the list, according to Google DoubleClick Ad Planner.
Qunar received third round financing of US$150 million from GGV Capital as lead investor and co-investors Mayfield Fund, GSR Ventures, Tenaya Capital.
According to iResearch, Qunar.com ranked the top with the most quarterly visits of flight ticket business among all the travel websites.
With high quality users and extensive user base, Qunar was rated as China’s No.1 travel media and No.3 in Asia Pacific region by ComScore.
Qunar completed second round financing from Mayfield Fund, GSR Ventures, and Tenaya Capital.
Qunar completed first round financing from Mayfield Fund and GSR Ventures.
Qunar, the first ever travel search engine in China, was co-founded by Douglas Khoo, Fritz Demopoulos, and CC Zhuang. For the first time, Chinese travelers were able to compare prices and features for flights and hotels online.