Ctrip, Qunar Surge as Deal Lessens China Travel Competition

  • 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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