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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This is your Data Sheet newsletter for Wednesday, February 6, 2019.
Fortune to hear from some major players.
Data Sheet—Monday, December 4, 2017
Top search terms include 'lung cleansing' and 'smog escape,' as the toxic haze persists.