Qunar Gains 3.7% in Early Trading on Reports of Baidu.com Investment


Qunar Cayman Islands Ltd. (QUNR) rose 3.7% in early trading, adding to Thursday’s gains on reports that Baidu.com (BIDU) invested $300 million in the online travel company.

Qunar rose 8% to an all-time high of $36.73 per American depositary receipt during regular trading on Thursday before closing at $35.18.

The shares gained 3.7% in premarket trading to $36.47 per ADR.

Suggested Reading: Best Video Game Weapons