Trip.com warns of ongoing antitrust probe as quarterly profit plunges
Online travel agent Trip.com Group Ltd. (9961.HK; TCOM.US) on Thursday reported its revenue rose 17% year-over-year in the first quarter to 16.2 billion yuan ($2.4 billion). But its profit took…
China Travel Int’l spinoff spotlights its natural scenery and cultural tourism aspirations
After divesting its real estate business last year, the company continues to restructure with plans to spin off its HKM Culture Tourism unit for a separate Hong Kong listing Key…
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…
Atour celebrates ‘Year of the Pillow’ with fluffy revenue growth
The hotel operator expects to report 35% revenue growth for all of 2025, up from a 25% forecast at the start of the year, thanks to strong performance for its…
China Travel International sheds property unit to focus on core business
The travel and tourism company will spin off its tourist property segment and significantly reduce its capital in a major restructuring Key Takeaways: China Travel International will spin off its…
BRIEF: Trip.com’s revenue, profit rise in second quarter
Online travel agent Trip.com Group Ltd. (9961.HK, TCOM.US) said on Wednesday its revenue rose 16% year-on-year to 14.8 billion yuan ($2.1 billion) in the second quarter of 2025, while its…
CTG bears brunt of China’s duty-free sales slump in Hainan
The duty-free shop operator’s revenue and net profit fell in the first half of this year as duty-free sales dropped on Hainan island, a major tourism hotspot Key Takeaways: CTG…
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