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|Ctrip International and Qunar Inc cheap nike air max 1 ireland , two Chinese NASDAQ-listed online travel service providers, both declined to comment Tuesday on market rumors that they will merge in a deal that would create an online travel service giant with a market capitalization of over $10 billion.
The rumors, as reported by China Business Journal over the weekend, claimed that search engine giant Baidu Inc, the majority shareholder in Qunar, will swap its shares in Qunar for Ctrip shares, resulting in Baidu taking a controlling stake in Ctrip.
"Ctrip's market capitalization as of Thursday is $7 billion and for Qunar it is $3.2 billion cheap nike air max 1 , making the deal potentially the biggest ever in China's online travel industry," Yang Yang, an analyst with consultancy iResearch, told the Global Times Tuesday.
Baidu will get the cream of Ctrip's off-line assets, like call centers, sales teams, and upstream resources nike air max thea ireland , as well as Ctrip's newly acquired assets such as car rental firm eHi, beefing up its presence in off-line services as well as -online travel services, Yang said.
Yang said Ctrip's operating model relies heavily on Internet traffic flow, and a merger with Qunar and support from Baidu would definitely be a boon for its business.
Qunar's performance has fallen short of Baidu's short-term expectations, so Baidu wants to push forward the merger deal, Yang said.
"Qunar is a latecomer, and it offers slightly cheaper prices and off-the-beaten-track tour packages that Ctrip does not cover. Qunar started as a purely online third-party service provider cheap nike air max thea , while Ctrip has a strong background in off-line businesses and connections with various travel agencies," Zhao Zheng, a professor at the School of Economics and Resource Management at Beijing Normal University, told the Global Times on Tuesday.
Top executives of the two companies have voiced some of their opinions, but without directly commenting on the merger.
"Ctrip will keep its independent operation on a long-term basis. With that said, Ctrip welcomes investment from other parties," Ctrip CEO Liang Jianzhang told the Shanghai-based Oriental Morning Post on Monday.
Liang said the usual market practice would be to let the initiator of a merger take the leading position in the new company.
Liang also noted that Ctrip sees itself as China's priceline cheap nike air max 95 , the world's biggest online travel site, which is worth over $30 billion.
Media reports Tuesday said that Qunar CEO Zhuang Chenchao had sent an internal e-mail to company staff, saying that all the negotiations Qunar is conducting with various investors are based on the premise of Qunar controlling its own future.
In 2013, the transaction volume in China's online air ticket business reached 154.46 billion yuan ($24.82), while the trading volume on Ctrip accounted for a 30.3 percent share of the market, according to data released in January by industry website Jinlü Consulting.
Qunar, meanwhile nike air max 95 ireland , had a 19 percent share of the market, giving it a leading position among third-party travel service platforms.
Data from Jinlü Consulting also showed that Ctrip dominated the online hotel booking market in 2013 with a 28.8 percent market share. Qunar's market share amounted to 4.4 percent, the data showed.
"A takeover that would simultaneously involve three listed companies has never been seen in the history of mergers and acquisitions of Chinese companies. The realization of such a complicated deal would require a huge investment in terms of time, resources, and manpower," Yang said.
"Online travel only accounts for a small portion of the market compared with off-line travel services, [but] this sector has grown rapidly in recent years and has huge potential nike air max 90 womens ireland ," Zhao said.
"If the two companies really merge into a super company, small third-party online travel service providers would have to find ways to differentiate their products and services in order to survive, " Zhao said.
Ctrip's shares stood at $54.37 on NASDAQ, up 1 percent by close of trading on Monday. Qunar's closing share price was $28.75, down 0.55 percent on Monday.
JERUSALEM, Aug. 13 (Xinhua) -- Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel welcomes a delegation that U.S. President Donald Trump will send later this month to the Middle East in an effort to reignite the peace talks.
"President Trump will soon send his representatives, Jared Kushner and Jason Greenblatt cheap nike air max 90 womens , for talks in the region including, of course, in Jerusalem, in an effort to advance the peace process," Netanyahu told his weekly cabinet meeting. "We will welcome them as always," he added.
On Friday, the White House said Jared Kushner nike air max 90 womens , Trump's son-in-law and his senior adviser, and negotiator Jason Greenblatt would soon be sent to the region to hold meetings with regional leaders and discuss a "path to substantive Israeli-Palestinian peace talks."
They will meet leaders from Saudi Arabia, Qatar, the United Arab Emirates, Egypt, Jordan, Israel and the Palestinian National Authority cheap nike air max 90 mens , a white house official said.
Trump believe regional talks are important but he "reaffirms that peace between Israelis and Palestinians can only be negotiated directly between the two parties and that the United States will continue working closely with the parties to make progress towards that goal," the official added.
Kushner was appointed to help broker a deal between Israel and the Palestinians after Trump took office in January.
During his first trip to the region in May, Trump visited Saudi Arabia, Israel and the West Bank. He promised to bring "the ultimate deal" between Israel and the Palestinians but did not specify how he would do it.
He also called for a regional alliance to defeat terror. He said Saudi Arabia and Israel share similar interests and called for a coalition in the region to end terrorism and find peace.