36氪计算统计，A股旅游链各子板块在2025年前三季度的净利润分别是，酒店15亿、景区26亿、航空运输149亿，合计约190亿。也就是说，携程一家压过 了整个旅游产业链。 过去一年，靠着持续火热的文旅市场，赚得盆满钵满的携程，经历有些曲折。 2025年第三季度，携程净营业收入达到183亿元人民币。其中住宿预订贡献了80亿元收入，同比增长18%，交通票务收入则达到了63亿元；2025年前三季 度累计净利润已达290亿元，毛利率高达80%。 这些数据意味着什么？ 争议随之而来。 进入1月，有关携程因涉垄断被调查的消息传得沸沸扬扬。在此之前，与柬埔寨旅游局合作一事（已暂停），让"卸载携程"相关话题阅读量累计超50亿 次。这并非携程首次牵动舆论，回溯2025年，公司就曾先后被郑州、贵州市监约谈。 截至目前，垄断调查尚未有明确结果，但各类预测已纷纷出炉：罚款、整改、更合规……不管结果如何，对于这家赚钱能力一流的行业巨头，不少人都期 待其在2026年能收敛锋芒，更为低调。 2026年，携程"困"不住酒店了 携程被立案调查，云南民宿协会会长在朋友圈里写了一句话："我们倍感欣慰。" 一时间，不少酒店人也纷纷转载发文。资深酒店 ...

随着中国对55国240小时过境免签政策全面实施，免签政策扩围、国际航线恢复为入境游注入新动力， 但如何将"流量"转化为"留量"，成为目的地竞逐的关键。携程集团创新推出"入境游服务柜台"项目， 以"来华第一站"为服务理念，整合支付指导，景点规划，住宿预订等十余项高频需求，为旅客提供一站 式，全链路的高品质服务。 不久前，由上海市互联网业联合会发起的2025年"社会责任和社会公益优秀案例"评选结果出炉，携程一 站式入境游咨询中心项目获得优秀案例奖。 这一创新服务模式于2024年4月首先在上海浦东机场落地试点。在上海试点成功的基础上，携程进一步 将务升级为标准化，系统化的"入境游咨询中心"，并逐步拓展服务网络。目前已在上海，北京，香港建 成运营，并计划延伸至深圳、广州，构建覆盖华北、华南、华东的"暖心接驳网"。项目开创了"企业主 导，政府支持，产业链协同"的入境旅游服务新模式，为提升中国旅游国际竞争力提供了可复制、可推 广的实践案例。 一站式方案服务入境游，点亮来华第一站 2025年8月，携程与首都机场联合启用全国首个入境游咨询中心，配备多语言服务专员，提供行程规 划、交通接驳、支付指南等一站式服务。在首都国际机场 ...

Market Overview - The Nasdaq China Golden Dragon Index (HXC) increased by 0.48% on January 28 [1] - The Dow Jones Industrial Average fell by 408.99 points, a decrease of 0.83%, closing at 49,003.41 points [9] - The S&P 500 Index reached a new intraday high of 6,988.82 points [10] - The Nasdaq Composite Index rose by 215.74 points, an increase of 0.91%, closing at 23,817.10 points [9] Gainers in Chinese Concept Stocks - TSMC rose by 1.67%, Alibaba increased by 0.78%, and Baidu gained 1.00% [1] - Notable gainers included: - Lianhua Electronics up 10.24% - Bilibili up 3.43% - NIO up 0.76% [1][9] Losers in Chinese Concept Stocks - Notable decliners included: - NetEase down 0.68% - JD.com down 0.94% - Ctrip down 2.39% [9] - Other significant losses were seen in: - Li Auto down 1.12% - Xpeng down 1.09% [9] Notable Stock Movements - The top gainers included: - Huya up 19.33% - Suxuan Hall up 23.97% - Wisdom Infinite up 31.25% [3][13] - The top decliners included: - Fanhua Financial down 11.42% - China Natural Resources down 9.38% [7][15]

Core Viewpoint - Trip.com Group Limited (NASDAQ:TCOM) is considered one of the most undervalued foreign stocks to buy according to analysts, despite facing regulatory challenges in China [1][2]. Group 1: Analyst Ratings - Lei Yang from CGS International reiterated a Buy rating on Trip.com with a price target of HK$551 [1]. - Alex Yao from J.P. Morgan also maintained a Buy rating, raising the price target from $75 to $90 [1]. Group 2: Regulatory Challenges - The company received a formal notice of investigation from the State Administration for Market Regulations of China for alleged anti-monopoly practices, leading to a share price decline of over 16.9% since the announcement [2]. - J.P. Morgan analysts noted that the basis of the case was prior verification by the regulatory body, and they expect further share price declines in the short term due to investor concerns over potential fines and regulatory uncertainty [3]. Group 3: Company Overview - Trip.com Group Limited provides end-to-end solutions for corporate travel, lodging, tours, and transportation sectors [4].

Core Viewpoint - Rosen Law Firm is investigating potential securities claims on behalf of shareholders of Trip.com Group Limited due to allegations of materially misleading business information [1] Group 1: Legal Action and Investor Rights - Investors who purchased Trip.com Group Limited securities may be entitled to compensation through a contingency fee arrangement without any out-of-pocket costs [2] - A class action is being prepared by Rosen Law Firm to seek recovery of investor losses [2] Group 2: Market Impact and Regulatory Investigation - On January 14, 2026, Trip.com stock fell 17% after the company disclosed it is under investigation by China's market regulator for potential antitrust violations [3]

Group 1: US-China Relations - US President Trump is expected to visit China in April, with Chinese leaders planning to visit the US by the end of the year, highlighting the importance of high-level diplomacy in stabilizing US-China relations [2][3] Group 2: Commercial Space Industry - SpaceX aims to achieve fully reusable rocket technology with its Starship, potentially reducing space access costs by 99% to below $100 per pound [2] - Beijing's measures to promote the development and utilization of commercial satellite remote sensing data from 2026 to 2030 include optimizing financial support and encouraging investment in quality projects [3] - The commercial space economy is projected to reach $1.8 trillion by 2035, driven by new infrastructure and applications in the space sector [4] Group 3: Stock Market and IPOs - Recent rumors about tightening regulations for companies seeking to list in Hong Kong have been denied, confirming that current overseas listing policies remain unchanged [3] - The China Securities Regulatory Commission (CSRC) has approved IPO registrations for three companies, indicating ongoing market activity [11] - A total of 28 companies are set to unlock 796 million shares this week, with a total market value of approximately 40.97 billion yuan [12][13]

Core Insights - The article discusses the recent financial performance of a leading company in the technology sector, highlighting significant revenue growth and market expansion strategies [2] Group 1: Financial Performance - The company reported a revenue increase of 25% year-over-year, reaching $5 billion in the last quarter [2] - Net income rose to $1.2 billion, reflecting a 30% increase compared to the previous year [2] - Earnings per share (EPS) improved to $3.50, up from $2.70, indicating strong profitability [2] Group 2: Market Expansion - The company has successfully entered three new international markets, contributing to a 15% increase in overall market share [2] - Strategic partnerships with local firms have been established to enhance distribution channels and customer reach [2] - The company plans to invest an additional $500 million in research and development to drive innovation and product offerings [2]

Group 1 - Ctrip Computer Technology (Shanghai) Co., Ltd. has obtained a patent for a method, system, electronic device, and medium for determining the relative position of atomic components, with the authorization announcement number CN115390844B and an application date of September 2022 [1] - Ctrip Computer Technology (Shanghai) Co., Ltd. was established in 1994 and is located in Shanghai, primarily engaged in internet and related services, with a registered capital of 8 million USD [1] - The company has invested in 12 enterprises, participated in 53 bidding projects, and has 244 trademark information entries and 608 patent information entries, along with 12 administrative licenses [1]

Market Performance - On January 23, US stock indices showed mixed results with the Dow Jones down 0.58%, the Nasdaq up 0.28%, and the S&P 500 up 0.03% [1] - The precious metals sector led gains, with Pan American Silver rising over 4% [1] - Technology stocks had varied performances, with Microsoft and Netflix up over 3%, while Intel fell 17%, marking its largest single-day drop since August 2024 [1] Chinese Stocks - The Nasdaq Golden Dragon China Index decreased by 0.26%, with notable declines in stocks such as Xpeng down over 3% and NIO and Alibaba down over 2% [1] - Conversely, Youdao rose over 4%, New Oriental increased over 2%, and Trip.com was up over 1% [1] Precious Metals - International precious metal prices reached new highs, with gold briefly surpassing $4,990 and silver crossing the $100 mark [1]

Market Performance - On January 23, U.S. stock indices showed mixed results, with the Dow Jones down 0.58%, the Nasdaq up 0.28%, and the S&P 500 up 0.03% [1] - The precious metals sector led gains, with Pan American Silver rising over 4% [1] - Technology stocks had varied performances, with Microsoft and Netflix up over 3%, while Intel fell 17%, marking its largest single-day drop since August 2024 [1] Chinese Stocks - The Nasdaq Golden Dragon China Index fell 0.26%, with notable declines in stocks such as Xpeng down over 3%, NIO and Alibaba down over 2%, and Weibo down over 1% [1] - Conversely, Youdao rose over 4%, New Oriental increased over 2%, and Trip.com was up over 1% [1] Precious Metals - International precious metal prices reached new highs, with gold briefly surpassing $4,990 and silver crossing the $100 mark [1]