by Rocky Fu on March 11, 2010
in Travel
Ctrip yesterday announced the launch of the lowest hotel online booking rates commitment.
From March 10 onwards, Ctrip guarantees the lowest online domestic hotel booking rate. If consumers find any other cheaper offer, Ctrip will pay three times the difference in cash.
Online travel booking in 2009 has reached 30.24 million users, an increase of 77.9%.
At 19:52:05 on March 5, the number of simultaneous online QQ users for the first time exceeded 100 million, which is also the world’s first online application having exceeded simultaneous 100 million users.
Tencent’s market capital is over USD 37 billion.

Baidu is to launch its HD video portal site QiYi.com in March. It announced its ambition in HD video in early January this year and hired former 12580 COO Gong Yu to be its CEO.
QiYi.com aims to provide FREE and legal high definition video to Internet netizens and try to duplicate Hulu’s business model in China.