Tongcheng slows spending as budget travel frenzy fades
The online travel agent has scrapped a major planned acquisition as it faces a slowdown from a sluggish economy, stagnating outbound tourism and backlash over its ease of refunds Key…
Tongcheng flies high on post-Covid domestic travel boom
Domestic tourism is one of the few bright spots in a Chinese economy beset with deflationary pressures, making a winner of China’s second largest online travel agent Key Takeaways: Tongcheng’s…
SPONSORED: Tongcheng Travel to capture China’s travel comeback
The online travel agent expanded its business through organic growth and acquisitions to equip itself for a travel rebound Key Takeaways: Tongcheng Travel made a series of investments during the…
Trip.com sees clearer skies ahead – but investors already knew that
China’s largest online travel agent’s revenue rose 7% in the fourth quarter on rebounding Asian demand, as analysts forecast growth accelerating ot 50% this year Key Takeways: Trip.com’s revenue rose…
Tongcheng Spreads Wings for New Flight With $145 Million in Investments
The online travel agent made several major investments in 2022 in a diversification drive to lower its dependence on backers Tencent and Trip.comKey Takeaways:Tongcheng’s newly disclosed series of investments last…
SPONSORED: Tongcheng Travel Revenue Rises on Strong Accommodation and Bus Ticketing Businesses
The online travel agent’s revenue grew 5.6% in the third quarter, as average monthly paying users surged to a record high The resurgence of Covid-19 in cities across the mainland…
Trip.com, Tencent Under Pressure to Sell Tongcheng Stakes?
New filing shows Trip.com’s longtime stake in Tongcheng fell slightly after years of staying the same Key Takeaways: A new stock exchange filing shows a slight reduction in leading online…
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