Baidu Plans to Unload $1 Billion in Shares of Online Travel Site
The Baidu Inc. logo is displayed in the reception are of the company’s headquarters in Beijing, China, (Photographer: Tomohiro Ohsumi/Bloomberg)

Baidu Plans to Unload $1 Billion in Shares of Online Travel Site

(Bloomberg) -- Baidu Inc. is selling about a third of its stake in online travel site Ctrip.com International Ltd., generating around $1 billion to counter a slowing economy and intensifying compet...
BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.