TOPIC

/ company

Trip.com

Trip.com Group is China's largest online travel agency by revenue. The company provides travel services for the Chinese-speaking world through Ctrip and Qunar, and to non-Chinese customers through Trip.com and Skyscanner. Its reach extends to more than 1.4 million hotels in 200 countries and regions, and its flight network has more than 2 million individual routes connecting more than 5,000 cities.

Chairman / President

James Liang

CEO / Managing Director

Jane Jie Sun

CFO / Finance Director

Cindy Xiaofan Wang

Industry

Online Travel Services

Website

trip.com

Headquarters address

968 Jin Zhong Road, Shanghai 200335, China

Stock Code

NASDAQ:TCOM

Year founded

1999

last updated:

30 September, 2024

People watch US President Donald Trump speak at the World Economic Forum annual meeting in Davos, Switzerland, on January 23. Most conferences adopt a one-directional format, with speakers on stage addressing a passive audience. Photo: Xinhua

Diplomacy

Opinion | In world of sound bites, leaders need a forum to engage with candour

We must reassess our levels of engagement in a world dominated by sound bites and social media. There is transformative power in genuine dialogue.

7 Feb 2025 - 9:30AMvideocam

Artificial intelligence

Lunar New Year travellers try to outsmart algorithms for cheaper fares

30 Jan 2025 - 10:00AMvideocam

Artificial intelligence

China’s Zhipu AI says its app can operate your smartphone for you

30 Oct 2024 - 9:00AM

Golden week

Chinese tech giants from ByteDance to Meituan see rise in ‘golden week’ spending

Major online platforms for dining and travel-booking services recorded increased expenditure by mainland consumers during the annual holiday.

8 Oct 2024 - 9:00PM

Mainland consumers splurged on travel and dining services provided by major online platforms during the annual break. Photo: Bloomberg

China stock market

Mistimed exits cost key investors US$3 billion in China’s stock rally

Beijing’s stimulus package has boosted Chinese stocks, but some investors missed out on billions in potential gains by selling their shares before the rally.

3 Oct 2024 - 4:42PM

Internet

Internet investor Prosus fully exits Trip.com stake in US$743 million block trade

The sale comes a month after Walmart sold its its its US$3.6 billion stake in Chinese e-commerce company JD.com after an eight-year partnership.

25 Sep 2024 - 6:35PM

Banking & finance

Trip.com’s revenue and profit surged as Chinese tourists gave in to wanderlust

Revenue at China’s largest online travel platform doubles to 10.3 billion yuan (US$1.8 billion) last quarter, underpinning record earnings for the full year. Shares closed at an all-time high of HK$355.20 in Hong Kong.

22 Feb 2024 - 6:29PMvideocam

Trip.com’s earnings were boosted by China’s reopening that led to increasing travel demand throughout the year. Photo: Shutterstock

Hong Kong stock market

Hong Kong stocks jump on record Trip.com run while Alibaba, SMIC fuel tech rally

Local stocks rallied as Trip.com closed at an all-time high and Nvidia’s bullish forecast fuelled tech gains. China’s onshore stocks also logged an impressive winning streak not seen since July 2020.

22 Feb 2024 - 5:14PM

Asia travel

Destinations known | Who visited Hong Kong the most in 2023, and where did Hongkongers fly to?

Where did Hongkongers visit in 2023? How many flights did they take? What were the most popular local attractions? Trip.com reveals its figures, noting a ‘significant revival’ of Hong Kong tourism.

5 Jan 2024 - 9:59AM

AI and Innovation

TripGenie- Trip.com Group revolutionising travel through AI and Innovation

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Trip.com Group

US-listed Chinese stocks

Trip.com says current boom won’t be short-lived, eyeing long-term growth

Trip.com Group, China’s largest online travel agency, does not expect a stalled national economy to halt its pursuit of annualised growth of up to 20 per cent over the next three to five years.

12 Sep 2023 - 6:00AM

A file photo of visitors at the Ruins of St. Paul’s in Macau from last month. In the first half of 2023, China’s travel sector raked in total revenues of 2.3 trillion yuan (US$315.2 billion), up 96 per cent year on year, according to Ministry of Culture and Tourism data. Photo: Bloomberg

Hong Kong stock market

China Unicom, Trip.com help Hong Kong stocks post late rally

Hong Kong stocks hovered at the lowest level since July 24 after Washington’s measures on restricting investments in China rekindled concerns about geopolitical risks.

10 Aug 2023 - 4:45PM

E-commerce

Baidu CEO Robin Li leaves Trip.com board, as his focus shifts to AI

Baidu remains Trip.com’s largest shareholder with a 10.7 per cent stake, although Li has turned his gaze from the travel sector to large AI models.

21 Jul 2023 - 6:30PMvideocam

Artificial intelligence

China’s Trip.com Group unveils travel-oriented AI model

The Shanghai-based company’s large language model, Wendao, is expected to become an essential tool for its customers to obtain accurate travel data and deal recommendations.

19 Jul 2023 - 2:23AMvideocam

Trip.com Group’s large language model initiative reflects the broader Chinese tech industry’s determination to close the gap with the West in building ChatGPT-like services. Photo: Shutterstock

China's population

Trip.com to subsidise employee newborns as country’s population crisis deepens

Trip.com’s new policy of providing 50,000 yuan (US$6,897) in subsidies to employees who give birth puts it at the forefront of corporate efforts to address China’s declining population.

30 Jun 2023 - 6:30PM

China, which was dethroned by India as the world’s most populous country this year, has now implemented an official ‘three-child’ policy. Photo: Xinhua

Hong Kong stock market

JD Health, Trip.com to join Hang Seng Index next month in latest revamp

Four companies including JD Health and Trip.com will join the Hang Seng Index starting June 5, as Hang Seng Indexes Company resumes the addition of new members in its latest quarterly review.

12 May 2023 - 9:00PM

Hong Kong stock market

Can China’s post-Covid ‘golden week’ refuel Trip.com’s US$16 billion rally?

Trip.com, among the top picks by analysts in consumption recovery play, will need a strong tailwind from China’s golden week holiday spending to give its shares a much-needed tonic.

2 May 2023 - 6:30AMvideocam

Business of climate change

Chinese tourists unwilling to pay extra for sustainable travel: McKinsey, Trip.com

Chinese travellers are increasingly concerned about climate change but are still not ready to pay extra for sustainable travel, according to a recent report by McKinsey and Trip.com.

22 Mar 2023 - 10:56AMvideocam

Chinese tourists at Jomo Kenyatta International Airport in Nairobi. They were part of the first tour group from China to Kenya since China resumed outbound group travel to 20 countries earlier this year. Photo: Xinhua

Coronavirus China

Trip.com’s shares surge amid bets the end of zero-Covid will spark travel boom

Beijing’s plan to shift from its zero-Covid strategy to living with the coronavirus is expected to unleash pent-up demand for travel.

15 Dec 2022 - 8:52PM

Coronavirus China

Online searches for China flights soar after Beijing slashes Covid-19 curbs: Trip.com

Interest in travel to China has nearly doubled led by surging demand in the United States, after Beijing slashed its quarantine requirements for international arrivals, according to online travel giant Trip.com Group.

14 Nov 2022 - 9:15PMvideocam

Hong Kong stock market

Trip.com, Cathay Pacific stocks jump as Hong Kong eases quarantine measures

Travel-related stocks advanced, bucking losses in the broader local market, after Hong Kong decided to ease its quarantine measures from September 26.

23 Sep 2022 - 6:09PM

A Cathay Pacific Boeing 777 plane lands at Heathrow Airport in London. Photo: Getty Images

China technology

China’s largest online travel firm pushes hybrid model for employees to work remotely

Shanghai-based Trip.com Group will implement its hybrid work policy across its global operations from March 1.

15 Feb 2022 - 8:40PMvideocam

Shanghai-based Trip.com Group operates online travel agencies Trip.com, Ctrip and Qunar, as well as travel metasearch engine Skyscanner. Photo: Shutterstock

Travel and tourism

Riding the Wave of Uncertainty – Trip.com Group Navigates the Road to Recovery

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Trip.com Group

Chinese coronavirus vaccines

Trip.com to focus on domestic bookings as Covid-19 halts outbound tours

With current domestic bookings running at 70 to 80 per cent of pre-Covid levels, Trip.com sees a bumpy road to recovery given the Omicron variant and mini-outbreaks that trigger local travel bans.

3 Dec 2021 - 3:56PM

China technology

Trip.com ordered to make exception to its privacy policy in landmark lawsuit

A court in eastern Zhejiang province’s Shaoxing ruled that Trip.com used the personal data it collected from the plaintiff to overcharge for a hotel room

16 Jul 2021 - 8:00AMvideocam

View of the facilities of the travel services company Ctrip in Shanghai. Photo: AFP

China Conference Hong Kong

Innovating and Embracing Change: How Trip.com Group weathers crises

SCMP Events

Trip.com Group Chairman James Liang and CEO Jane Sun celebrating the Group’s secondary listing on the HKEX in April 2021.

Stocks

China’s Trip.com taps into customised services to ride out pandemic

How China’s Trip.com is weathering the decimation of international travel and its plans to spend capital raised via a secondary listing in Hong Kong.

19 Apr 2021 - 11:50AMvideocam

IPO

Trip.com set to raise US$1.1 billion in Hong Kong shares sale

Trip.com to raise US$1.1 billion in Hong Kong share sale ahead of a post-Covid travel rebound expected in 2022.

13 Apr 2021 - 8:13PMvideocam

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