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Tongcheng Travel Holdings Ltd

00780

Company Profile

  • Business description

    Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 88% of its revenue from accommodation reservations and transportation ticketing in the third quarter of 2022. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.

  • Contact

    No. 188, Yuxin Road
    Tongcheng Mansion, Suzhou Industrial Park
    Jiangsu
    CHN

    T: +86 51285661416

    https://www.tongchengir.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Travel Services

    Fiscal Year End

    31 December 2024

    Employees

    9,945

Tongcheng Travel Holdings Ltd News & Analysis

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What else could Tencent sell after Meituan?

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