Welcome to our dedicated page for Tripcom Group news (Ticker: TCOM), a resource for investors and traders seeking the latest updates and insights on Tripcom Group stock.
Trip.com Group Ltd (TCOM) provides a comprehensive news hub for tracking this global travel leader's strategic developments. Investors and industry observers will find curated press releases and analysis-worthy updates covering operational milestones across accommodation reservations, transportation services, and corporate travel solutions.
This resource centralizes critical announcements including quarterly earnings reports, technology partnerships, and market expansion initiatives. Users gain insights into how the company leverages AI-driven platform enhancements and responds to evolving travel industry dynamics.
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Trip.com Group Ltd. (Nasdaq: TCOM) will announce its first quarter 2021 financial results on May 18, 2021, after market close. The management team will host a conference call at 8:00 PM EST on the same day for discussion and insights, which will also be available via Webcast. Participants must pre-register to join the call, and a replay will be accessible until May 26, 2021. As a leading global travel platform, Trip.com offers a comprehensive suite of travel services and products, catering to travelers' needs worldwide.
Trip.com Group successfully listed on the Hong Kong Stock Exchange on April 19, 2021, under stock code 9961.HK, in addition to its existing NASDAQ listing (TCOM). This dual listing makes it the first global travel group to achieve this. The company celebrates its growth from 784 users in 1999 to hundreds of millions today. CEO Jane Sun stated this move enhances their global presence. The funds raised will support their expansion and technology improvements, while the firm continues initiatives to aid travel recovery post-pandemic.
On April 13, 2021, Trip.com Group Limited (Nasdaq: TCOM) announced the pricing of its Global Offering, consisting of 31,635,600 new ordinary shares at HK$268.00 each. This translates to approximately US$34.57 per American depositary share (ADS). The offering aims to raise around HK$8.33 billion, subject to approval from the Hong Kong Stock Exchange, where trading is expected to begin on April 19, 2021. Proceeds will enhance Trip.com's travel services and technology. The offering includes an over-allotment option for 4,745,300 additional shares.
Trip.com Group Limited (Nasdaq: TCOM) announced the launch of its Hong Kong Public Offering, part of a global offering totaling 31,635,600 ordinary shares. The offering consists of 2,214,500 shares for the Hong Kong Public Offering and 29,421,100 shares for international investors, with a maximum price of HK$333.00 per share (approximately USD 42.95). The company aims to use the proceeds for expansion, technology investments, and working capital. The application process for this offering is fully electronic, starting on April 8, 2021, and closing on April 13, 2021.
Trip.com Group Limited (Nasdaq: TCOM) announced that its extraordinary general meeting held on March 18, 2021, resulted in the adoption of a resolution for a share subdivision. Each ordinary share of nominal value US$0.01 will be subdivided into eight shares of nominal value US$0.00125, effective March 18, 2021. Concurrently, the ADS ratio will change from eight ADSs representing one ordinary share to one ADS representing one ordinary share. This adjustment is neutral in impact on the ADS holders' interests, requiring no action on their part.
Trip.com Group Limited (Nasdaq: TCOM) filed its annual report on Form 20-F with the SEC on March 15, 2021. The report includes audited financial statements for the three years ended December 31, 2020. This comprehensive document is available on the Company's website, and securities holders can request a copy free of charge. Trip.com Group is a major player in the travel industry, offering diverse services through its platforms, including Trip.com and Ctrip, enabling users to make informed bookings efficiently.
Trip.com Group reported its Q4 and full-year 2020 financial results, highlighting a strong recovery in its domestic China business despite the ongoing impacts of COVID-19. Q4 net revenue was RMB5.0 billion (US$761 million), down 40% YoY, while full-year revenue fell 49% to RMB18.3 billion (US$2.8 billion). The company's gross margin was 82% for Q4. Significant declines in accommodation, ticketing, and packaged-tour revenues were noted. However, non-GAAP operating profit margin for the year stood at 2%. The cash balance as of December 31, 2020, was RMB59.6 billion (US$9.1 billion).
Trip.com Group Ltd. (Nasdaq: TCOM) is set to announce its fourth quarter and full year 2020 financial results on March 3, 2021, after market close. The management team will host a conference call at 7:00 PM ET on the same day, with a replay available until March 11, 2021. Participants can register for the call via the provided link. Trip.com Group, founded in 1999, is a leading travel service provider, offering platforms like Trip.com, Ctrip, and Skyscanner for comprehensive travel bookings and services.
Trip.com Group Limited (Nasdaq: TCOM) will hold an extraordinary general meeting (EGM) on March 18, 2021, to discuss a proposal for a one-to-eight share subdivision. This change will adjust the American depositary share (ADS) ratio from eight ADSs per ordinary share to one ADS per ordinary share, effective the same day. The record date for shareholders entitled to vote is February 16, 2021. Importantly, the change will not affect the percentage interest represented by each ADS or impact trading prices on Nasdaq.
Trip.com Group Limited (Nasdaq: TCOM) will hold its 2020 annual general meeting on December 21, 2020, at 9:30 a.m. Shanghai/Hong Kong Time. The meeting, located at Building 16, Sky SOHO, Shanghai, will not present any proposals for shareholder approval but will facilitate an open discussion between shareholders and management. Only holders of record as of December 10, 2020, are entitled to attend. Shareholders can view the meeting notice and the company’s annual report on its Investor Relations website.