Trip.com Group Limited reports news as a global online travel platform providing accommodation reservations, transportation ticketing, packaged tours, and corporate travel management. Its updates commonly cover quarterly and annual financial results, booking trends across domestic and international travel, inbound and outbound travel demand, and activity across brands including Ctrip, Qunar, Trip.com, and Skyscanner.
Company news also includes Form 20-F annual report announcements, HKEX-related reporting, conference-call notices, and regulatory matters affecting its travel platform operations, including the PRC Anti-Monopoly Law investigation disclosed by the company.
Trip.com Group (NASDAQ: TCOM; HKEX: 9961) has announced its upcoming Annual General Meeting (AGM) scheduled for June 30, 2025, at 9:30 a.m. (Shanghai time). The meeting will be held at Building 16, 968 Jinzhong Road, Shanghai. Shareholders of record as of May 30, 2025 are eligible to vote at the meeting. ADS holders must exercise their voting rights through The Bank of New York Mellon or their respective financial intermediaries. The company has made its annual report for FY2024 available on its investor relations website, SEC, and HKEX platforms.
Trip.com Group Limited (NASDAQ: TCOM; HKEX: 9961), a leading one-stop travel service provider, has scheduled its Q1 2025 financial results announcement for May 19, 2025, after the U.S. market closes. The company will host a conference call at 8:00 PM U.S. Eastern Time on May 19 (8:00 AM Hong Kong Time on May 20) to discuss the results.
The conference call will be available via webcast at investors.trip.com, with a twelve-month archive period. Participants must pre-register for the call through the provided registration link to receive dial-in details and a unique access PIN.
Trip.com Group (Nasdaq: TCOM; HKEX: 9961), a leading one-stop travel service provider, has announced the filing of its annual report on Form 20-F with the Securities and Exchange Commission on April 11, 2025. The report contains audited financial statements for the three-year period ending December 31, 2024.
The annual report can be accessed through the company's investor relations website at https://investors.trip.com. Shareholders can request a free copy of the annual report following the instructions provided on the investor relations website.
Baidu (NASDAQ: BIDU) has announced the pricing of US$2 billion in zero coupon exchangeable bonds due 2032. The bonds will reference Trip.com Group shares listed on Hong Kong Stock Exchange (HKEX: 9961).
Key features of the bonds include:
- Initial exchange ratio: 1,107.0457 Trip.com Shares per US$100,000 principal amount
- Initial exchange price: approximately HK$702.13 per Trip.com Share (43% premium)
- Maturity date: March 12, 2032
- No regular interest bearing
- Holders can require repurchase on March 12, 2029 at 100% principal amount
The bonds will be offered offshore to non-U.S. persons under Regulation S, with closing expected around March 12, 2025. Proceeds will be used for existing debt repayment, interest payments, and general corporate purposes.
Baidu (NASDAQ: BIDU) has announced plans to offer up to US$2 billion in exchangeable bonds due 2032 in offshore transactions outside the United States. The bonds will reference Trip.com Group ordinary shares listed on the Hong Kong Stock Exchange.
Key features of the bonds include:
- No exchange permitted before first anniversary of issue date
- Between first anniversary and 6 months prior to maturity, exchange into cash allowed under certain conditions
- After that period, bonds can be exchanged into cash anytime until maturity
- Baidu may opt to deliver Trip.com Shares or combination of cash and shares
The proceeds will be used for repaying existing debt, interest payments, and general corporate purposes. The company expects some bond purchasers to implement convertible arbitrage strategies through short positions in Trip.com Shares/ADSs.
Trip.com Group (TCOM) reported strong Q4 2024 financial results with net revenue of RMB12.7 billion (US$1.7 billion), up 23% year-over-year. Net income reached RMB2.2 billion (US$300 million), compared to RMB1.3 billion in Q4 2023.
International business showed robust growth with outbound hotel and air ticket bookings exceeding 120% of pre-COVID levels. Air ticket and hotel bookings on the international OTA platform increased by over 70% year-over-year, while inbound travel bookings surged by more than 100%.
For full-year 2024, net revenue was RMB53.3 billion (US$7.3 billion), a 20% increase from 2023. The company announced a new capital return program including a US$400 million share repurchase authorization and a US$0.30 per share dividend, totaling approximately US$200 million.
Trip.com Group (TCOM) has announced it will release its fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after U.S. market close. The company's management will host a conference call at 7:00 PM U.S. Eastern Time on the same day (8:00 AM February 25, 2025 Hong Kong Time).
The conference call will be accessible via webcast with live and replay options available at investors.trip.com. The webcast will be archived for twelve months. Participants must pre-register for the conference call through a provided registration link to receive dial-in numbers and a unique access PIN.