Tongcheng-Elong IPO: Strategic Shareholder Agreement Constraints Profitability
Tongcheng-Elong Holdings Ltd (1629482D CH), the third largest online travel agency (OTA) in China, was formed through the merger of Tongcheng...
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Tongcheng-Elong IPO Preview: When Unequals Try to Merge as Equals
Tongcheng-Elong Holdings Ltd (1629482D CH) is the third largest online travel agency (OTA) in China as measured by gross merchandise value (GMV)....
901 Views
PinDuoDuo Faces Three Main Long-Term Risks: Counterfeits, 'Clearance', Competition
As we see it, newly-listed Pinduoduo (PDD US) faces three major risks to sustained long-term growth: Counterfeits:Â The issue of counterfeit goods...
901 Views
Ctrip (CTRP) C2Q18 Preview: User Experience Improvements Continues
â We cut revenue est. for 2Q, 3Q, and 4Q by 1.1%, 1.6%, and 1.3%, respectively, to reflect more than expected customer-centric principle (CCP)...
588 Views
What a 'Moat' Might Look Like: Travelsky Vs. Ctrip.com in Nine Charts
One of our frequent criticisms of online travel agency Ctrip.com International (ADR) (CTRP US) is that its role in China's tourism sector is...
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