Ostensibly, Tencent Supports 58.com's Firm Offer
On the 2 April, China's 58.Com Inc (WUBA US) received a preliminary, nonbinding proposal from Ocean Link Partners, at $27.50 per Class A or Class...
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Why China’s Domestic Travel Industry Can Prove the Bears Wrong
While international travel demand remains weak due to lockdowns and uneven recovery trajectories across countries, Trip.com's latest earnings point...
313 Views
TRACKING TRAFFIC/Chinese Tourism: Outbound Travel Grinds to a Halt, Domestic Travel Keeps Rising
Outbound Chinese travel activity ground to a halt in April. Total Chinese arrivals in the seven regional destinations we track fell by 99.6% YoY...
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China Internet Weekly (1Jun2020): Internet Information Revenue Up 13%
Internet information service revenues from January to April 2020 grew by 12.8% YoY. Alibaba Pictures (1060 HK)’s revenue declined by 5% in FY2020...
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Trip.com Q120 Results Weak as Expected, Q220 Guidance Far Worse than Expected
Trip.com (TCOM US), China's largest online travel agency (OTA), reported weak Q120 results after the US close on Thursday, May 28. Net revenue fell...
296 Views