Description: The latest Australian Business Announcements and Media Releases from Eleven Media
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China’s leading online travel site operator has proposed changing its name from the current Ctrip.com to Trip.com, reflecting its ambitions to become more active in a global market where it is already competing directly with international players like Expedia and Priceline.
Ctrip.com International Ltd. disclosed the plan in its second-quarter results announcement that showed slowing revenue growth as its core China-based business faces growing competition from strongly-backed rivals including Meituan Dianping, China’s leading online-to-offline services provider, and Fliggy, which is owned by e-commerce giant Alibaba.
Trip.com is Ctrip’s main portal targeting travelers based outside of China, offering services to more than 20 markets. It also owns the online travel search site Skyscanner, which it bought in 2016 for up to 1.4 billion pounds ($1.7 billion)
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