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…
Strong Club Med Results Fail to Lift Fosun Tourism Back to Profits
One of the world’s top resort operators lost money in the first half of the year as lockdowns and travel restrictions continued to curb tourism in its home China market…
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