China’s two largest online travel companies Ctrip and Qunar are merging.Where does that leave the smaller players? Two leading online travel booking giants—Ctrip.com International Ltd.and its archrival Qunar Cayman Islands Ltd.—agreed to a share swap and partnership that will create China’s biggest online travel service.The tie-up came amid fierce competition for online travel bookings in China,where rising incomes and an expanding middle class are fueling
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