In 2015, Shanghai Ctrip Commerce Co., Ltd., a leading integrated travel service company in China and hailed as a model of seamless integration between the Internet and traditional travel, announced a merger with Qunar.com, each of which has selected and strengthened its main markets to provide more valuable services to Chinese online travel consumers

Founded in 1999 and headquartered in Shanghai, China, with more than 30,000 employees, Ctrip has set up branches in 17 cities including Beijing, Guangzhou, Shenzhen, Chengdu, Hangzhou, Nanjing, Xiamen, Chongqing, Qingdao, Shenyang, Wuhan, Sanya, Lijiang, Hong Kong and Nantong, and has set up a service contact center in Nantong. In 2010, Ctrip.com strategically invested in Taiwan's E-Travel and Hong Kong's Wing On Tourism, completing the layout of the two sides of the Taiwan Strait. In 2014, it invested in Tufeng Travel Network and extended its tentacles to North America.

As a leading integrated travel service company in China, Ctrip has successfully integrated high-tech industries with traditional travel industries, providing more than 250 million members with a full range of travel services including wireless applications, hotel reservations, air ticket reservations, travel and vacation, business travel management and travel information, and is hailed as a model of seamless integration between the Internet and traditional travel.

With stable business development and excellent profitability, CTRIP was successfully listed on the NASDAQ in the United States in December 2003, setting a record for the highest opening day increase in the market in three years.

Today, Ctrip is a leader in the online travel services market and is one of the top three online travel service companies in the world by market capitalization.

Merger with Qunar

On October 26, 2015, Ctrip officially announced that it had reached a share swap deal with Baidu.

Pursuant to the transaction, Baidu will exchange 178,702,519 Class A ordinary shares and 11,450,000 Qunar Class B ordinary shares owned by Baidu prior to the closing of the transaction for 11,488,381 additional common shares issued by Ctrip. The share swap ratio for the transaction is that each Qunar ADS will be converted into 0.725 Ctrip ADRs. Upon completion of the transaction, Baidu will own approximately 25% of Ctrip's total voting rights and Ctrip will have approximately 45% of Qunar's total voting rights. Baidu and Ctrip will also cooperate in the field of products and services. At the same time, Baidu will continue to cooperate with Qunar's existing business cooperation.

Foreign media statistics show that the combined market value of Ctrip and Qunar reached $15.6 billion.