Trip.com Group
携程
Trip.com Group is a Chinese online travel services company whose U.S.-listed market capitalization was under $20 billion as of early 2021, a fraction of Alibaba's roughly $600 billion at the time . The company was hit hard by the COVID-19 pandemic, resorting to pre-sales to stay afloat when the industry froze from peak season to standstill in early 2020 . By 2023, the business had rebounded sharply: Trip.com reported net profit attributable to shareholders of roughly RMB 9.9 billion for 2023, up more than 600% year-on-year, as consumer enthusiasm for travel recovered . The firm has also been a notable early investment for several Chinese venture firms, including Morningside Capital (now 5Y Capital), which counted it among successes alongside Sohu and Xunlei .
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Coverage
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