Chinese online travel companies International Ltd and Qunar Cayman Islands Ltd are set to announce a merger, according to a person familiar with the matter, a deal that could be made public as early as Monday night.

The rivals’ merger would create easily China’s biggest online travel firm. has a market valuation of $10.6 billion, while the smaller Qunar, backed by Chinese search giant Baidu Inc, is valued at $5.2 billion.

(Reporting by Paul Carsten, editing by William Hardy)

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