Fosun Tourism’s post-Covid holiday fizzles
The resort unit of one of China’s leading conglomerates posted modest growth in the first quarter, as its broader outlook was clouded by debt issues at its parent Key Takeaways:…
FAST NEWS: Trip.com annual profit soars on travel rebound
The latest: China’s leading online travel agent Trip.com Group Ltd. (9961.HK; TCOM.US) on Thursday reported its net profit soared more than six-fold to 9.92 billion yuan ($1.38 billion) last year,…
FAST NEWS: Tongcheng Travel eyes major fintech acquisition
The latest: Tongcheng Travel Holdings Ltd. (0780.HK) announced Wednesday it has signed a letter of intent to acquire 55.14% of Guangzhou Lvjin Technology, a provider of digital financial services, for up…
FAST NEWS: Trip.com’s Hong Kong flight bookings surge
The latest: Trip.com Hong Kong, a subsidiary of leading Chinese online travel agency Trip.com Group Ltd. (9961.HK; TCOM.US), said its orders for outbound air tickets nearly tripled year-over-year between Jan. 4…
Klook: a Hong Kong unicorn set for a trip to the stars?
The online travel agent founded by three former Hong Kong investment bankers raised more than $200 million in a new funding round, moving one step closer to going public Key…
FAST NEWS: Trip.com’s profit rockets as hotel bookings soar
The latest: Leading online travel agent Trip.com Group Ltd. (9961.HK; TCOM.US) on Tuesday reported its net profit increased 14-fold year-on-year to 648 million yuan ($88.9 million) in the second quarter. Looking…
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…