BP-TRIP@EC2609A

Cyberspace Administration and National Railway Administration Meet with Seven Platforms Including Ctrip to Ban Ticket Snatching

Jefferies Predicts Ctrip's Q1 Revenue Growth of 14%, Maintains Buy Rating

Ctrip Releases Data: Inbound Tour Orders Increase by Nearly Doubles

Spring Tourism Market in Guangdong Sees a Surge in Family Travel and Educational Tours

Ctrip Prohibits Use of 'Hotel' in Homestay Names

Ctrip Phases Out AI Pricing Tool Amid Antitrust Investigation

Ctrip Director Liang Jianzhang Submits Stock Ownership Declaration

Trip.com Releases Insights on Female Travel: Females Travel More Frequently and Confidently

Ctrip Plans to Phase Out 'Pricing Assistant' to Address Regulatory Pressure

Ctrip Announces 2025 Yearly Performance: Revenue Growth but Profit Pressure, Board Personnel Changes

Trip.com Secures Over $200 Million for Users Amid Middle East Crisis

Guohai Securities Maintains Buy Rating for Ctrip and Sets Target Price

Morgan Stanley Upgrades Ctrip's 2026 Revenue Forecast, Adjusts Target Price to $75

Guotai Securities Maintains Buy Rating on Ctrip, Predicts International Business to Contribute 40% in 2025

Deutsche Bank Reports Positive Q4 for Trip.com but Downgrades Future Profit Projections

Tripcom Announces 2025 Financial Report, Net Profit Nearly Doubles

CICC and DBS Maintain Buy Ratings for Ctrip

Ctrip Provides Cancellation Guarantees Due to Middle East Situation

Three Departments Urge Ride-Hailing Platforms to Standardize Financial Services

CFRA Downgrades Trip.com's Target Price to $63

JOY SPREADER

DEEPEXI TECH

BUTONG GROUP

CHINA PARTYTIME

ALPHA PRO HLDGS

LUEN THAI

51WORLD

TRIO IND ELEC

TOMO HOLDINGS

HATCHER GROUP

EBIZ

DJS Law Group has announced a class action lawsuit against Oddity Tech Ltd. (NASDAQ: ODD) for securities law violations, specifically for making false and misleading statements regarding its financial prospects. The lawsuit pertains to a class period from February 26, 2025, to February 24, 2026, with a deadline for lead plaintiff appointments set for May 11, 2026. Shareholders who suffered losses during this period are encouraged to contact the firm for participation in the case.

prnewswire

Oddity Tech

Global X E-commerce ETF

04:04 ETOddity Tech Ltd. Group Limited Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - ODD

09961

The Central Cyberspace Affairs Commission and the National Railway Administration held talks with seven train ticket sales platforms, including Trip.com, requiring strict compliance with cybersecurity laws and regulations, and prohibiting high-frequency ticket grabbing operations to maintain the safety and stability of the railway 12306 platform. Relevant departments will strengthen technical monitoring, and any violations will be dealt with according to the law

AASTOCKS

TRIP.COM-S

The Central Cyberspace Affairs Commission and others interviewed Ctrip and six other train ticket sales platforms, prohibiting high-frequency ticket grabbing operations

TCOM

BABA

KBAB

YINN

09988

BABX

- Chinese authorities summoned seven online platforms, including Trip.com and Alibaba’s Fliggy, regarding their ticket-selling practices.  
- The Cyberspace Administration of China warned these firms against using automated programs for high-frequency ticket-snatching that disrupt official selling systems.  
- In 2025, China recorded over 4.6 billion railway passenger trips, with travelers often resorting to software to secure tickets during peak travel times.

Reuters

Trip.com

Alibaba

Invesco Golden Dragon China

KraneShares 2x Long BABA Daily ETF

Direxion FTSE China Bull 3X

BABA-W

BABA 2x Long Daily ETF - GraniteShares

China warns online travel platforms against automated train ticket programmes

00780

561320

159666

The Central Cyberspace Affairs Commission and the National Railway Administration recently jointly interviewed seven third-party internet platforms, including Trip.com, TONGCHENGTRAVEL, and Qunar, requiring them to comply with cybersecurity laws and regulations, prohibiting the use of automated programs for ticket grabbing operations that interfere with the security verification of the railway 12306 platform. Relevant departments will strengthen technical monitoring, and any violations will be investigated and dealt with according to the law

腾讯新闻 - 财经

TONGCHENGTRAVEL

Guotai CSI Mainland transport theme ETF

ChinaAMC CSI All Share Transportation ETF

The Cyberspace Administration of China and the National Railway Administration jointly interviewed 7 third-party platforms involved in train ticket sales

JETS

AWAY

FLYU

Data released by Trip.com shows that the number of inbound travel orders during this year's Qingming Festival holiday increased nearly twofold year-on-year, influenced by visa-free policies and the overseas Easter holiday. The vitality of inbound tourism has further been released, with a significant increase in orders from visa-free countries, nearly three times the growth rate of non-visa-free countries. Users from Russia and Spain saw their spending increase by more than 1.5 times, and cultural heritage sites are favored by European and American travelers

Invesco Leisure & ENT ETF

Us Global Jets

ETFMG Travel Tech ETF

MicroSectors™ Travel 3X Leveraged ETNs

Trip.com: This year's Qingming Festival holiday inbound travel user orders increased nearly twofold year-on-year

The Law Offices of Howard G. Smith announced that investors who suffered losses in Trip.com Group Limited (TCOM) have the opportunity to lead a securities fraud class action lawsuit. The lawsuit alleges that from April 30, 2024, to January 13, 2026, the company failed to disclose significant regulatory risks and made misleading statements about its business. Investors are encouraged to contact the law firm before May 11, 2026, to participate in the lawsuit.

12:00 ETTrip.com Group Limited (TCOM) Shareholders Who Lost Money Have Opportunity to Lead Securities Fraud Lawsuit

BEDZ

According to Trip.com, this year's Qingming Festival holiday, coinciding with the overseas Easter holiday, has further released the vitality of inbound tourism. Trip.com's inbound orders from overseas have nearly doubled, with order growth from visa-waiver countries being more than three times that of non-visa-waiver countries

Wallstreetcn

AdvisorShares Hotel ETF

Trip.com: Visa-free + Festive Double Dividends Resonate, Inbound Tourism During Qingming Festival Continues to Release Vitality

K3RD

A class action lawsuit has been filed against Trip.com Group (NASDAQ: TCOM) following a 17% drop in its share price due to an investigation by Chinese regulators under the Anti-Monopoly Law. The lawsuit seeks to represent investors who purchased Trip.com securities between April 30, 2024, and January 13, 2026. The firm Hagens Berman is investigating whether Trip.com misled investors regarding its AI pricing tool and the associated regulatory risks. The investigation was prompted by reports of coercive pricing practices and the company's subsequent announcement of the investigation.

TRIP ADR US+

22:05 ETTCOM INVESTOR ALERT: Trip.com (TCOM) Facing Class Action After AI Pricing Controversy and Anti-Monopoly Probe Sends Shares Tumbling -- Hagens Berman

513600

GELYY

00175

The Hang Seng Index fell over 3% in Q1, entering correction territory due to the Iran war's impact on the stock market. Trip.com was the worst performer, dropping 31%, followed by Kuaishou Technology (-30%) and SMIC (-28%). Other laggards included Meituan, Xiaomi, and Alibaba. Conversely, Sun Hung Kai Properties and Geely saw gains of 38% and 30%, respectively. The index's future performance will be influenced by ongoing developments in the Iran-US conflict, which may further affect market stability.

- The Hang Seng Index fell over 3% in Q1, entering correction territory after a decline attributed to the Iran war, mirroring global indices' downturns.  
- Trip.com, Kuaishou Technology, and Semiconductor Manufacturing International (SMIC) were among the biggest losers, facing challenges from regulatory investigations, market slowdowns, and potential sanctions, respectively.  
- Conversely, stocks like Sun Hung Kai Properties and Geely saw significant gains, driven by easing regulations and rising energy prices, while market sentiment remains cautious about the ongoing geopolitical situation.

Invezz

China Southern Hang Seng ETF

ChinaAMC Hang Seng ETF

Geely Auto

ISHARESHSI

GEELY AUTO

Hang Seng Index

SHK PPT

HSCEI ETF

SMIC

Xiaomi Corporation

KUAISHOU-W

XIAOMI-W

MEITUAN

Hang Seng Index top movers in Q1 revealed: best and top laggards

Jane Sun, CEO of Trip.com, has transformed the company into Asia's largest online travel agency since joining in 2005. Under her leadership, Trip.com has grown significantly, now valued at around $50 billion and listed in the U.S. and Hong Kong. Despite challenges from the Covid-19 pandemic, Sun prioritized customer service, refunding millions to maintain trust. Recognized for her achievements, she balances a demanding work schedule with family life, aiming to be a role model for her children.

vnexpress

From early Chinese international student to CEO of Asia’s largest online travel agency: Jane Sun’s rise

Kessler Topaz Meltzer & Check, LLP has announced a securities fraud class action lawsuit against Trip.com Group Limited (NASDAQ: TCOM) for investors who purchased shares between April 30, 2024, and January 13, 2026. The lawsuit alleges that the company made misleading statements regarding its business practices, particularly concerning regulatory risks related to monopolistic activities. Investors have until May 11, 2026, to seek lead plaintiff status. The stock price dropped significantly following news of an investigation into alleged antitrust conduct by Chinese regulators.

11:05 ETTCOM Investor Alert: Kessler Topaz Meltzer & Check, LLP Encourages TCOM Investors with Losses to Contact the Firm

True, it is too expensive to buy now. Better to stay sideline and observe. Market is always there. Buy with margin of safety and make money 😁.

Fattycat

BABA Return Rate

BABA Diamond Holder

$TRIP.COM-S(09961.HK)Given the wars ongoing with no end in sight, inflation has arrived at most shores. Higher oil prices and food prices are evident in many economies. I think many will be careful on their travel spending and this will affect OTA companies like TRIP.com, Bookings etc..Will be a buyer for TRIP.com at HK$300-$320 to give myself safety margin given the poor macroeconomic conditions. Also the China regulator crackdown is not yet over and will likely see a fine as penalty warning. Watching TRIP.com closely..

Tripadvisor

Trip.com HK SDR 50to1

HTHT

Financial Analysis

With the asset-light transition advancing and the hospitality &amp; travel sector recovering, Q4 sustained the strong momentum seen in Q3. Results beat expectations.

HWORLD-S

H World

Atour

HTHT: After the reset and rebound, how long can the poster-child status last?---

Ctrip

Conference Minutes

Below is Dolphin Research's transcript summary of $Trip.com(TCOM.US) FY25 Q4 earnings call. For our earnings take, please see 'Trip.com: After the regulatory crackdown, can it stay lean and premium?'I. Review of core financial metrics. II. Detailed call notes.2.1 Management's key messages. 1) Three priority areas for investment.Inbound travel is viewed as a structural growth engine for the platform and destination economies. CSR initiatives: long-term value creation requires ongoing reinvestment in the ecosystem...

Alphabet - C

Alphabet

Direxion Daily Googl Bear 1x Shares

Direxion Daily GOOGL Bull 2X Shares

TCOM (Trans): No update on regulatory issues

In the early hours on Feb 26 in U.S. after-hours, under a regulatory overhang, $Trip.com(TCOM.US) released FY2025 Q4 results. Overall, the print was decent, with revenue growth beating prior guidance and re-accelerating.However, opex increased across the board, rising faster than revenue and dragging GAAP OP below expectations. Details follow:1) Strong, accelerating revenue growth. On revenue, total net revenue rose 21% YoY, marking a YTD high and a clear acceleration vs. last quarter. Growth across business lines was broadly ahead of prior guidance...

JD-SW

JD-SWR

JD HK SDR 10to1

JD.com

ByteDance

TCOM: After the regulatory crackdown, can it remain a lean, high-quality play?

---

TCOM 4Q25 First Take: Results were solid, with both strengths and weaknesses. The highlight is revenue growth beating prior guidance across the board, with a clear acceleration. A minor weakness is expenses ramped meaningfully, especially marketing, pushing GAAP OP below expectations. Given limited disclosure in the release and the market's focus on recent regulatory issues and potential impact, please refer to the upcoming Trans for more detail. Quarter details: Key points below. 1) Total revenue rose nearly 21% YoY, a clear step-up from 15% last quarter and well ahead of guidance and Street. By biz. line, growth picked up across segments. Outperformance came mainly from package tours and Ads &amp; Other, two smaller lines that surprised on the upside. 2) Alongside strong topline, total opex growth accelerated to 23% YoY despite a tough base, outpacing revenue. The main driver was marketing spend, up 30%+.With JD and Fliggy stepping up, while unlikely to dent TCOM's share, they likely raised traffic acquisition pressure, resulting in GAAP OP coming in ~4% below expectations. More detail will be in the upcoming Trans.

Loadedmind

A17U

Current rate of return reached top 30% of users
Calculated based on  your Longbridge (Singapore) A/C

Rate Of Return

Taking the chance to accumulate a good counter on weakness. Looking to scale in further.$Trip.com HK SDR 50to1(HTGD.SG)

HTGD

Expensive counter to trade. Wait for it to drop more 😁

$Trip.com(TCOM.US) $TRIP.COM-S(09961.HK) Here's what happened: Trip.com is under investigation by China's State Administration for Market Regulation over potential monopoly practices. The company has stated that it will cooperate fully with regulators, comply with all requirements, and maintain normal business operations. In terms of market share, the Trip.com Group (including Qunar) holds close to 70% of the GMV in China’s online travel market, with its main platform alone accounting for 56%. Competitors such as Tongcheng, Meituan, Fliggy, and Douyin hold market shares of 15%, 13%, 8%, and 3%, respectively. It is important to note that while holding a dominant market position is not illegal, abusing such a position violates antitrust regulations. Industry-wide scrutiny is intensifying: tourism and homestay associations in regions like Yunnan and Huangshan have launched anti-monopoly initiatives, and authorities have summoned multiple online travel platforms—including Trip.com—for discussions. Market sentiment may remain cautious as the situation evolves. However, the most significant regulatory risks appear to have been largely factored into current valuations.

BABA-WR

Alibaba HK SDR 5to1

Today’s Key News Recap

0114 | Dolphin Research Focus: 🐬 Macro/Industry 1) The China Chamber of Commerce to the EU said talks on the EU's anti-subsidy probe into Chinese EVs have made solid progress, with the EU set to replace countervailing duties with price undertakings. Eligible Chinese auto exporters can apply for assessment to obtain tariff exemptions, and the framework follows WTO rules and the non-discrimination principle, giving exporters clearer visibility for shipments to Europe. This helps defuse the China‑EU auto trade dispute, benefits major exporters such as BYD and SAIC, and supports value‑chain and supply‑chain stability.2) With CSRC approval, the Shanghai, Shenzhen and Beijing exchanges issued a notice to adjust the margin requirement for margin financing. The notice adjusts the margin requirement ratio...

Science Applications

BOYD Gaming

BYD COMPANY

BYD Company Limited

BYD Company

BYD COMPANY-R

NVIDIA

Taiwan Semiconductor

SAIC Motor

Roblox

BYD HK SDR 10to1

US 'easing' on H200 chips hits a wall; TCOM tumbles late on antitrust probe | Daily News Recap

1118 | Dolphin Research Focus: 🐬 Macro 1. Today, both Hong Kong and A-shares collectively declined as the market's expectation for a December rate cut by the Federal Reserve continued to decrease. According to CME's &#34;FedWatch&#34;, the probability of a 25 basis point rate cut by the Federal Reserve in December has dropped to 42.9%, previously exceeding 70%. Federal Reserve Governor Waller also stated that if the job market rebounds, the necessity for an insurance rate cut will diminish. Additionally, the sell-off pressure on tech stocks and the Japanese bond market faced a sell-off wave due to concerns that the Kishida government will implement a large-scale fiscal expansion plan. Under multiple factors, global markets collectively declined...

Luckin Coffee

BOSS ZHIPIN-W

XPENG-W

LEAPMOTOR

BIDU-SW

XIAOMI-WR

Kanzhun

KUAISHOU-WR

XPeng

BIDU-SWR

Xiaomi HK SDR 2to1

Baidu HK SDR 10to1

Baidu

Global Markets Hit by 'Cold Wave'; Google AI Advances in Travel Services Track | Today's Important News Recap

The following are the minutes of the FY25Q3 earnings call for $Trip.com(TCOM.US) organized by Dolphin Research. For an interpretation of the earnings report, please refer to &#34;Trip.com: Awaiting the Release of Overseas Profits.&#34; I. Review of Core Financial Information II. Detailed Content of the Earnings Call 2.1 Key Information from Executive Statements 1. Strong Market Demand: The global tourism industry is booming, with travel enthusiasm surging. Travel demand is skyrocketing, primarily driven by the robust vitality of domestic tourism in China and the steady recovery of outbound travel. Travelers are actively exploring new destinations, seeking authentic and in-depth cultural experiences...

Direxion Auspice Broad COM

Planet Labs

Reliance

Ameriprise Financial

Cambria Tail Risk

ING Groep

Expedia

Rise Oil & Gas, Inc.

Ctrip (Minutes): Marketing expenses will continue to rise in the peak season of 4Q

BP-TRIP@EC2609A(28073.HK)

BP-TRIP@EC2609A Stock Performance Chart

04:04 ETOddity Tech Ltd. Group Limited Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - ODD

The Central Cyberspace Affairs Commission and others interviewed Ctrip and six other train ticket sales platforms, prohibiting high-frequency ticket grabbing operations

China warns online travel platforms against automated train ticket programmes

The Cyberspace Administration of China and the National Railway Administration jointly interviewed 7 third-party platforms involved in train ticket sales

Trip.com: This year's Qingming Festival holiday inbound travel user orders increased nearly twofold year-on-year