Bumpy ride for Fosun Tourism as bargain holidays on the rise
The Chinese owner of the Club Med chain and other travel brands is facing tighter tourism spending and could become a casualty of its parent’s debt problems Key Takeaways: Fosun…
Trip.com voyages back from pandemic lows, but lags global peers in valuation
The latest results from China’s top online travel agent showed it continues to dominate its home market, as it attempts to replicate that success overseas Key Takeaways: Trip.com’s revenue grew…
FAST NEWS: Tongcheng Travel eyes major fintech acquisition
The latest: Tongcheng Travel Holdings Ltd. (0780.HK) announced Wednesday it has signed a letter of intent to acquire 55.14% of Guangzhou Lvjin Technology, a provider of digital financial services, for up…
Trip.com Gets Boost From Reopening Global Borders
China’s top online travel agent returned to profitability in the second quarter as a growing number of countries where it does business outside its home market lifted travel restrictions Key…
FAST NEWS: Mid-sized U.S. Investor Increases Tongcheng Travel Stake
The latest: Mid-sized U.S. fund manager Brothers Harriman & Co. disclosed it purchased 7.155 million shares in Tongcheng Travel Holdings Ltd. (0780.HK), raising its stake to 5.3%, above the 5% threshold that…
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