Ctrip, Qunar Surge as Deal Lessens China Travel CompetitionBy , , and
Companies will have 70-80% market share, Summit Research says
China has become largest source of tourists in the world
Ctrip.com International Ltd. and Qunar Cayman Islands Ltd. jumped in U.S. trading after the companies agreed to a merger, creating the dominant online travel service in China in a deal that may ease price competition that has crimped profits.
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