久久亚洲国产成人影院-久久亚洲国产的中文-久久亚洲国产高清-久久亚洲国产精品-亚洲图片偷拍自拍-亚洲图色视频

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

HK float gives fillip to Trip's Asia play

By HE WEI in Shanghai | China Daily | Updated: 2021-04-20 09:41
Share
Share - WeChat
Trip.com employees manage a booth during the third China International Import Expo in Shanghai in November. [Photo provided to China Daily]

After making its secondary listing in Hong Kong on Monday, Nasdaq-listed Chinese mainland online travel agency Trip.com Group Ltd said it aims to tap into more Asian investors and customers.

Priced at HK$268 ($34.5), the stock jumped 4.55 percent to HK$281.2 in Hong Kong on Monday.

Its Nasdaq-listed shares closed at $36.51 on Friday. Way back in 2003, Trip made its IPO on the Nasdaq stock market. The company operates travel booking sites such as Ctrip.com, Qunar and Skyscanner.

Trip executives said after a listing ceremony in Shanghai that the company now expects robust growth in China's travel market.

Trip is also confident that global travel will likely rebound whenever the COVID-19 pandemic subsides, they said.

The company said in a news release it hopes to use net proceeds from the Hong Kong float to fund the expansion of one-stop travel offerings, improve user experience, invest in technology to bolster its market-leading position in products and services, and improve operational efficiency.

Liang Jianzhang, Trip's co-founder and chairman, likened tourism to people's "unsaturated "spiritual pursuit, and concluded that tourism should be an industry with fast and stable growth.

"The hurdles brought by the pandemic are (going to be) only temporary," said Liang during the ceremony in Shanghai. "We can't live without traveling, and our goal is to make traveling inseparable from Trip."

The company has felt the pinch of the drastic pandemic-related decline in global travel. According to the prospectus filed with the Hong Kong stock exchange, Trip's net revenue for 2020 dropped 49 percent year-on-year to 18.3 billion yuan ($2.81 billion).

Still, its US-listed shares jumped 60 percent in the past year, largely fueled by resumption of domestic travel in China.

Liang said the emphasis from now on will include promoting rural and countryside travel plans in China. Domestic travel and short trips to neighboring areas will also "enjoy robust absolute growth".

The company recently unveiled plans to boost its content ecosystem and partner marketing capabilities with the launch of a new travel marketing strategy.

It is designed to allow suppliers to expand and enhance their marketing activities on Trip's various platforms.

The company is also eyeing a stronger foothold in the international travel segment. Trip sees room for big growth in the segment where its market share is just 2 percent now, Liang said.

Agreed Sun Jie, Trip's chief executive officer. "We anticipate the fastest growth over the next decade to come from Asia. We will expand the brand, engage with Asian customers and partners and expand our investor base in Asia."

The unexpected pandemic has rattled the global travel market, which contracted last year by more than 50 percent to $2.6 trillion, from $5.8 trillion in 2019, according to a research report from consultancy Analysys.

But the study expects the industry to rebound to pre-pandemic levels in 2022, driven by the rollout of COVID-19 vaccines, as well as rising consumer spending power, especially from emerging markets such as Asia.

Chen Liteng, an analyst at the Internet Economy Institute, a consultancy, said Trip rode the wave of secondary listings in Hong Kong created by Chinese mainland tech companies such as Alibaba and Bilibili to hedge against uncertainties amid Washington's increasing scrutiny of Chinese-listed firms.

"The choice of Hong Kong is in line with Trip's strategy to focus on the domestic market while eyeing international expansion.

"But the growth pace of its revenue over the years has seen a gradual decline, owing to a combination of factors, including a growing number of domestic rivals backed by internet giants or international peers such as Expedia and Booking."

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 欧美操操操| 特黄特色三级在线播放 | 国内精品久久久久久久影视麻豆 | 日韩性片 | 超级乱淫视频aⅴ播放视频 超级碰碰碰在线观看 | 国产成人精品一区二区免费 | 亚洲欧美激情视频 | 大伊香蕉精品视频在线天堂 | 一级毛片免费不卡夜夜欢 | 在线观看亚洲精品国产 | 色久网站 | 成人三级在线 | 欧美性色黄大片在线观看 | 男女在线观看视频 | 午夜一级毛片不卡 | 国产午夜免费视频 | 久久精品视频在线 | 一 级做人爱全视频在线看 一本不卡 | 国产三级网 | 欧美一级毛片免费观看视频 | 美女视频黄色免费 | 国产综合第一页 | 精品99在线观看 | 国产一级做a爰片在线看 | 在线免费一区二区 | 欧美一级毛片免费观看视频 | 亚洲综合资源 | 欧美精品亚洲精品日韩 | 国产成人精品高清在线 | 手机在线观看黄色网址 | 欧美日韩国产58香蕉在线视频 | 日韩三级在线 | 久久久久久久国产精品影院 | 久久国内精品自在自线400部o | 免费又黄又爽的视频 | 亚洲欧美日韩精品香蕉 | 久久精品视频9 | 欧美成人影院免费观 | 欧美做a欧美 | 三级中文字幕 | 欧美高清日本三级人妇 |