After a yearlong negotiation, China?s biggest search engine, Baidu, announced on Friday that the company has reached a strategic agreement with Qunar.com (???), China?s biggest travel website.
The agreement means Baidu will invest a total of US$306 million in Qunar.com, thereby becoming Qunar?s biggest shareholder.
The deal represents the largest investment Baidu has made in its company history.
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