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 $1.1 billion. Ctrip’s biggest new challenge: doing battle with Chinese tech giants like Meituan and Tencent eager for a piece of the lucrative market.
Internet and Direct Marketing Retail
Jane Jie Sun
|Revenues ($M) (Past 12 Months)||$4,358|
|Profits ($M) (Past 12 Months)||$796|
|Market Value as of Oct. 10, 2018 ($M)||$18,510|