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TRIP.COM GROUP
China hits travel platform Trip.com with $765M in penalties over monopoly abusesChina has fined a major online travel company nearly 5.2 billion yuan for monopolistic practices. The company restricted market competition...- China fines Trip.com $770 million over online hotel-booking monopolySAMR also ordered Trip.com to refund booking deposits of 122 million yuan that it said the company had withheld from hotel operators. The p...
- The City of Gold starts coming back to life after its darkest hourDubai's economic landscape is tested after regional conflict. Aviation, hotels, and real estate see impacts. Luxury retail also faces press...
- MakeMyTrip completes share repurchase to cut China-based Trip. com's stakeThe Gurugram-headquartered MakeMyTrip informed the US stock exchange that three Trip.com-nominated directors have resigned with immediate e...
- Alibaba looking to raise $1.53 billion through exchangeable bondsChinese tech conglomerate Alibaba Group said on Thursday it is seeking to raise around HK$12 billion ($1.53 billion) through an offer of ex...
- Trip. com Group says MakeMyTrip will pay $3 billion for repurchaseMakeMyTrip plans to raise about $3 billion—via equity and convertible debt—to repurchase Class B shares from Trip.com Group.
- MakeMyTrip raises $3.1 billion to cut Chinese firm Trip’s holdingWith this, Trip.com’s stake in MakeMyTrip has fallen to 19.99% from 45.34%, with two directors, down from five. This comes a month after Ma...
- MakeMyTrip plans $3 billion buyback; China’s Trip.com stake to drop below 20%MakeMyTrip intends to raise $3 billion through debt and equity to repurchase shares from Group, reducing their stake from 45.34% to 19.99%....
- From Paytm to MakeMyTrip: How Indian startups are unwinding Chinese ownershipIndia’s largest online travel platform plans to raise $3 billion through a mix of debt and equity to buy back shares from Trip.com Group. O...
- BlueStone’s pre-IPO glow up; PE funds go tech shoppingAhead of its listing, BlueStone is poised to become India’s next unicorn through a secondary deal. This and more in today’s ETtech Morning ...
- Prosus gains $2 billion on Swiggy investment with IPO valuationProsus NV, Tencent's top investor, has made over $2 billion from its investment in Swiggy, highlighting the value of its portfolio beyond T...
- US stock market Tuesday: S&P 500, Dow Jones on record highs, list of top gaining stocksS&P 500, Dow Jones Industrial Average, Nasdaq have gained as the US stock market is riding high.
- China lifts bans on group tours to US, Japan and other key marketsChina has lifted pandemic-era restrictions on group tours for more countries including Germany, the US, Japan, South Korea, and Australia, ...
- China's biggest online travel agency to pay employees 1 billion yuan to have kidsThe company, one of the world's largest online travel agencies, with 400 million users, said it would pay a parental cash subsidy of 10,000...
- Indians overtake China in visitor numbers to SingaporeSingapore is set to report its best year for tourism since the COVID-19 pandemic shut the travel sector down with help from visitors from I...
- Wall St ends lower, pulled down by tech stocksOf the 11 major S&P sectors that declined, technology , utilities and communication services were the biggest losers, each down between 0.7...
- Funds bet on a consumer boom to rival ‘Roaring Twenties’Investors from Aberdeen Standard Investments Inc. and GAM Investments to UBS Asset Management are increasingly pouring money into companies...
- China’s Ctrip may put $100 million in ZomatoCtrip has not been among the most active Chinese strategics in India, with a sole investment in online travel agency Make-MyTrip.
- Paytm ropes in Myntra’s Abhishek Rajan to head travel unitRajan, an IIM- Ahmedabad alum, and who, till recently, led Flipkart-owned Myntra’s mobile business, will join Paytm as vice president this ...
- IDG Ventures Leads New Round of Funding in TripotoTechnology-focused venture capital firm IDG Ventures India has led a new round of funding in online travel community startup Tripoto.
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