Trip.com’s overseas journey cruises ahead, as profit wobbles
China’s leading online travel agent, formerly known as Ctrip, wants to be a global player, but spending on such efforts could erode its profits Key Takeaways: Trip.com’s revenue rose 16%…
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…
FAST NEWS: Mid-sized U.S. Investor Increases Tongcheng Travel Stake
The latest: Mid-sized U.S. fund manager Brothers Harriman & Co. disclosed it purchased 7.155 million shares in Tongcheng Travel Holdings Ltd. (0780.HK), raising its stake to 5.3%, above the 5% threshold that…
