Has Baidu glutinous rice stopped?

Baidu glutinous rice official confirmed to Reddy.com today that Baidu glutinous rice chose to suspend the hotel's self-operated business, mainly to concentrate superior resources and further deepen the consideration of deep cooperation with Ctrip.

Baidu glutinous rice also said that it will strengthen data cooperation and technical exchanges with Ctrip, give full play to Baidu's technological advantages such as big data, cloud computing and artificial intelligence, establish higher industry barriers and create a healthier ecology.

According to the data, 20 16, 10, Ctrip merged with Qunar. After the transaction is completed, Baidu owns Ctrip common stock, which can represent about 25% of Ctrip's total voting rights, and Ctrip will own about 45% of Qunar's total voting rights. Baidu became the largest shareholder of Ctrip.

To a certain extent, Baidu glutinous rice and Ctrip are already a family. The suspension of self-operated hotels is not only conducive to avoiding the waste of resources in internal competition, but also conducive to Baidu's support for Ctrip and the US Mission.

Previously, Ctrip announced in September 2065438+2006 that it would raise about $2 billion through public and private sale of stocks and convertible bonds to support "the organic growth of Ctrip's business, the investment and merger of complementary businesses and other general purposes of enterprises".

The market speculated on the use of Ctrip's funds. There were rumors that Meituan's wine travel business might merge with Ctrip.

However, Chen Liang, president of Meituan Wine Travel Business Group, once said that the wine travel business will never merge with Ctrip; Sun, executive vice president of Ctrip and CEO of Grand Accommodation Group, also said: "We don't need to merge with Meituan Hotel."

According to the analysis, in the case that the hotel business of Meituan Dianping and Ctrip cannot be merged for the time being, Ctrip is trying to encircle the hotel business of Meituan Dianping.