Chinese Travel Company Appoints Deutsche Bank for ADR Program

Qunar Cayman Islands has appointed Deutsche Bank as its depositary bank for its Level 3 American Depositary Receipt (ADR) program.

Qunar is a leading search-based commerce platform for the travel industry in China. The company cites iResearch’s ranking of Qunar as number one among all non-state-owned online travel companies in China in terms of monthly unique visitors since November 2010.

“We are delighted to welcome Qunar to the Deutsche Bank platform,” says Edwin Reyes, global head of depositary receipts at Deutsche Bank. “This appointment underscores Deutsche Bank’s commitment to clients in the People’s Republic of China. By leveraging our customized value-added services, Qunar will be able to enhance its investor relations strategies and shareholder bases.”