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Qunar CEO on Cash Burn: 'I Don't Care About Short-Term Losses'

Dennis Schaal photo
Dennis Schaal

Photo Credit: Qunar CEO Chenchao "CC" Zhuang is unapologetic about the company's red ink, and says if the company pulled back on spending it would "lose." Skift / Dennis Schaal

Skift Take

Qunar is executing on its mission and is notching remarkable gains in mobile and total revenue. Profits are not on the agenda, and that's OK. At least right now.

Chinese booking site Qunar saw its losses widen in the second quarter while generating phenomenal growth in mobile revenue -- and that's all part of the game plan. Asked about Qunar's net loss, which widened tenfold to $68 million in the second quarter from around $6.7 million a year earlier, co-founder and CEO Chenchao "CC" Zhuang said: "Either you wait or you lose. I don't care about short-term losses." Chenchao, speaking during Qunar's second quarter earnings call August 22 from Beijing, said Qunar's goal is to be the biggest trav

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