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…
Regulatory fine trips up Trip.com in second quarter
Online travel agent Trip.com Group Ltd. (9961.HK; TCOM.US) said on Wednesday its second-quarter revenue rose 6% year-on-year to 15.66 billion yuan ($2.3 billion). But it posted a net loss of…
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…
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…
