Qunar eyeing acquisitions to expand reach in fast-growing tourism sector

Qunar Cayman Islands Ltd, the Chinese travel website controlled by Baidu Inc, is actively seeking acquisitions to help expand market share, Chief Executive Officer Zhuang Chenchao said.

Qunar is looking for high-quality technology companies as it aims to "capture and restructure" China's travel market by consolidating other companies, Zhuang said on Friday.

Qunar held talks to merge with competitor Ctrip.com International Ltd in April, people with knowledge of the discussions said at the time, before Ctrip agreed this month to a $500 million investment from Priceline Group Inc. Zhuang declined to comment on the talks and said the company will focus on expanding its share of market segments including hotels and tour packages.