The Future 50

Qilai Shen—Bloomberg/Getty Images

4 International


As China’s middle class grows, outbound tourism is expected to surge. Ctrip, China’s leading online travel agent, has ­already faced down stiff competition to become the dominant platform for China’s hundreds of millions of domestic tourists; it’s on target to see international travel deliver 40% to 50% of its revenue within a few years. Net revenue for the second quarter increased 13% year over year, to $1.1 billion. Ctrip’s biggest new challenge: doing battle with Chinese tech giants like Meituan and Tencent eager for a piece of the lucrative market.

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Overall Score





Internet and Direct Marketing Retail


Jane Jie Sun



HQ Location


Revenues ($M) (Past 12 Months)


Profits ($M) (Past 12 Months)


Market Value as of Oct. 10, 2018 ($M)


Revenue and net income for 12 months ended June 30, 2018. Sources: Bloomberg; S&P Global.

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