Tongcheng, other travel peers come under anti-competitive scrutiny
The leading second-tier online travel agent, alongside rival services operated by Alibaba and Meituan, are being investigated by China’s market regulator Key Takeaways: Tongcheng, along with second-tier online travel services…
Dida eyes road back to revenue growth under Tongcheng umbrella
A majority of the struggling ride-sharing company’s shareholders have agreed to sell their stock to one of China’s leading online travel agents Key Takeaways: Nearly 52% of Dida’s shareholders have…
Trip.com gets slapped with fines but is spared a major overhaul
Regulators have ordered China’s top online travel platform to pay more than $780 million after an anti-monopoly probe, but the firm’s wider business is left intact Key Takeaways: Trip.com is…
Tongcheng’s rosy report fails to discuss the worrisome elephant in its house
The online travel agent’s revenue rose 14% in the first quarter, but its latest report lacked discussion of an anti-trust probe into Trip.com, its top stakeholder and a key supplier…
Trip.com braces for new era of competition with anti-monopoly probe
The company is being investigated for anti-competitive practices and investments that have given it control of more than 60% of China’s vast online travel market Key Takeaways: Trip.com could be…
Klook goes against the flow with U.S. listing plan
The Hong Kong-based online travel agent targeting young consumers is reportedly planning to file soon for a New York listing that could raise up to $500 million Key Takeaways: Klook…
‘Revenge travel’ slowdown puts damper on Trip.com’s banner year
After delivering impressive results for 2024, China’s leading online travel platform said it is confident of more growth in 2025 Key Takeaways: Trip.com’s reported its profit grew by a robust…
