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China's Baidu Snaps up a Travel Website
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China's Baidu Snaps up a Travel Website

Our Correspondent
Jun 29, 2011
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China's Baidu Snaps up a Travel Website
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It took less than two days from the time Fritz Demopoulos, the co-founder of China’s leading travel search engine, stepped out the door after negotiating a US$306 million deal with the Chinese search giant Baidu, for one of his former colleagues to start slagging him off.

In the transaction, which will make Baidu the major shareholder, Demopoulos stepped…

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