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 look at their smartphones outside a restaurant in Shanghai. Photo: AFP

Artificial intelligence

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

AutoGLM can order coffee, send messages and complete other tasks on smartphones based on voice prompts, according to the Chinese start-up.

30 Oct 2024 - 9:00AM

Golden week

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

8 Oct 2024 - 9:00PM

China stock market

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

Prosus is ditching its stake in Chinese travel giant Trip.com a month after Walmart ended a partnership with JD.com. Photo: Shutterstock

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

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

People light candles to greet New Year’s Day on December 31, 2022 in Sanya, Hainan province, China. Photo: Getty Images

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

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

US President Joe Biden has signed an executive order further restricting American investment in China in technologies that might pose national security risks. Photo: Reuters

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

Robin Li Yanhong, founder, chairman and CEO of Baidu, has left the board of Trip.com. Photo: Reuters

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

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

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

The compiler of Hong Kong stock exchange’s benchmark Hang Seng Index added four companies in its latest quarterly review. Photo: Jonathan Wong

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

Travellers in the departure hall at Hangzhou East railway station on April 27, ahead of the golden week holiday. Photo: Bloomberg

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

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

The Beijing Daxing International Airport. The overall number of flights to China booked on Trip.com rose 27 per cent from last Friday to Sunday. Photo: Reuters

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

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

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

Tourists gather near a statue of Donald Duck outside Shanghai Disneyland, May 3, 2021. Photo: Bloomberg

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

China Conference Hong Kong

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

SCMP Events

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

Investors in trip.com are betting on the global travel industry recovering soon. Photo: Shutterstock Images

IPO

Trip.com aims to raise US$1.4 billion in Hong Kong stock sale amid

Nasdaq-listed Trip.com bets strong recovery of global travel industry in 2022 to pre-pandemic level.

9 Apr 2021 - 1:25AM

China technology

Exclusive | Live-streaming boom here to stay post Covid, Trip.com co-founder says

Trip.com Group co-founder James Liang has sold US$294 million of travel packages and hotel room bookings over 25 live streams, at a time when the global travel industry is still reeling from the coronavirus pandemic.

8 Oct 2020 - 1:39PM

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