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…
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…
BRIEF: Trip.com’s revenue rises 21% in fourth quarter, as two co-founders resign
Leading online travel agent Trip.com Group Ltd. (TCOM.US; 9961.HK) on Thursday reported its revenue rose 21% year-on-year in the fourth quarter to 15.4 billion yuan ($2.24 billion), as all of…
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…
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…
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…
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