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…
CHINA BULLETIN: Janet Yellen’s Awkward Beijing Visit
In this week’s issue Janet Yellen’s awkward trip to Beijing, China’s new export restrictions, and Tesla’s China layoffs. On a scale of 1 to 100, we give the week a 35 for offshore-listed China stocks.