In contrast to that thunderous start, Qunar actually lost $2.8 million in the first half of the year on revenue of $58.5 million. However, Qunar’s business has been expanding rapidly amid gains in mobile services and travel in China. Spending in China’s travel industry has increased by 22% annually since 2008. The country’s GDP increased by 7.8% in the third quarter, continuing its three-decade run as one of the world’s best-performing economies. And Qunar has strong pedigree: Baidu, the world’s No. 5 most popular website (and China’s No. 1) according to Internet ranking company Alexa. Baidu bought a majority stake in Qunar in 2011, and has followed that up with a flurry of investments in the past year to expand beyond its desktop search business. Get the full story at China Daily