Statements from both companies indicated that they will work closely together going forward. “We believe there are many similarities in the Indian and Chinese online travel markets and we expect this strategic relationship between two market leaders to be mutually beneficial,” commented Deep Kalra, founder and group CEO at MakeMyTrip. Ctrip closed out the year with a partnership with long-term rival Qunar, which is controlled by majority shareholder Baidu, in October. The deal, which wasn’t one of the many consolidation mergers that happened in China in 2015, gave Ctrip a 45 percent voting interest in Qunar in exchange for Internet giant Baidu taking 25 percent of Ctrip. Together, Ctrip and Qunar are estimated to account for 70-80 percent - iResearch claims Qunar leads flight bookings with 32 percent marketshare, while Ctrip is winning on hotel bookings with 39 percent marketshare - so, with a dominance in China secured thanks to their alliance, Ctrip’s foray into India makes sense. Get the full story at TechCrunch