另請參閱2025年第四季度及全年業績公告中「董事會組成變更」部分關於董事會組成變更 的詳情。 承董事會命 攜程集團有限公司 董事會執行主席 梁建章 新加坡，2026年2月26日 於本公告日期，本公司董事會包括董事梁建章先生、孫潔女士及羅戎先生以及獨立董事沈南鵬先生、李基培先 生、甘劍平先生、吳亦泓女士及蕭楊女士。 1 香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 Trip.com Group Limited 攜程集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9961） 2025 年第四季度及全年業績公告 攜程集團有限公司謹此公佈其2025年第四季度及全年業績（「2025年第四季度及全年業績 公告」）。2025年第四季度及全年業績公告可於香港聯交所網站www.hkexnews.hk及本公 司網站investors.trip.com查閱。 攜程集團發佈2025年第四季度及全年未經審計的財務業績 新加坡，2026年2月25日 ...

Trip.com Group Limited Reports Unaudited Fourth Quarter and Full Year of 2025 Financial Results 02/25/2026 SINGAPORE, Feb. 25, 2026 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) ("Trip.com Group" or the "Company"), a leading global one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the fourth quarter and full year of 2025. Key Highlights for the Fourt ...

为了抢"马年第一"的好彩头，你知道杭州这家企业有多拼吗？ 早在大年初四的港交所开市首日，绿云软件就提交了上市申请，成功将"马年首单IPO"申请的成就收入 囊中，可谓赚足了眼球，这家企业究竟什么来头？ 01，浙大IT男征服3.7万家酒店 2月20日，杭州绿云软件股份有限公司（简称"绿云软件"）正式向港交所递交招股说明书，中金公司担 任独家保荐人，消息出炉，引发行业关注，尽管对C端消费者而言，它的名字很陌生，可是放到中国的 酒店、文旅等产业，它的大名可谓如雷贯耳： 据公开资料，绿云软件、杭州西湖软件皆由由杨铭魁于1988年起陆续创立，他从浙江大学计算机系本硕 毕业后留校任教，担任浙大计算机学院的教师，并长期从事酒店信息化和互联网应用研究，他主导开发 iHotel酒店信息化平台，在学术界和产业界均取得显著成就； 他多次获得国家级及省部级科技进步奖，发表论文10余篇，参编教材及著作10余部，还参与制定智慧旅 游及酒店物联网国家标准，推动旅游信息化教育发展，与高校合作培养专业人才。 据招股书披露，公司已向中国37000多家酒店提供PMS服务，客户覆盖中国饭店协会2024年排名前50的 酒店管理集团以及中国旅游饭店业协会 ...

就在绝大多数打工人在与崭新的工作艰难磨合时，一批人却被"困"在了三亚，没能按时返工。 原因只有一个： 春节返工的第二天，大家班都上得怎么样？ 公司的地铁出口还找得到吗？ 办公电脑的开机密码还记得吗？ 年前安排"年后再说"的工作，还有头绪吗？ 机票太贵。 拿着小几百块钱机票上岛的朋友们，看着一万起步的离岛票，简直不敢相信自己的眼睛： 这明晃晃的五位数字，到底是我的机票，还是我的赎金？ 来的时候多开心，走的时候多闹心。 今年被机票"困"在海南的中产，已经快把头挠秃了。 最新的好消息是：四大航司全部着手增加海南航班。 明天三亚飞北京的机票已经能够买到，3月3日以后机票价格也回落到了日常的2000元以内。 坏消息是：距离3月3日，还有遥远的6天。 八仙过海，各行不通 2026年的春节返程机票，平等地惩罚每一个想捡漏临期低价票的人。 收假迫在眉睫却订不到机票而在网上紧张搜索的朋友们，很快就发现，自己根本就不是网上最紧张的人。 各大航司从海南返回的航线，比他们紧张多了。 | 出发城市 航空公司 | | 2月23日 | | 2月24日 2月25日 2月26日 2月27日 | | | 2月28日 | 3月1日 | | --- ...

盘面上，油气、海运、化工、有色金属板块再度走强，超导、PEEK材料、高速铜连接概念股活跃。 盘面上，油气、海运、化工、有色金属板块再度走强，超导、PEEK材料、高速铜连接概念股活跃。超硬材料、存储器、光伏、AI应用、宇树机 器人、离境退税题材走弱。 09:21 港股开盘丨恒生指数高开0.58% 恒生指数高开0.58%，恒生科技指数涨0.86%。海底捞、中国宏桥、小鹏汽车、金蝶国际、携程集团涨逾2%。 | Hટા | 恒生指数 | May 5 | 26745.20c | 154.88 | 0.58% | | --- | --- | --- | --- | --- | --- | | HSTECH 恒生科技 | | hurr | 5316.09c | 45.39 | 0.86% | 09:20 现货白银站上88美元/盎司，日内涨1%。 09:26 磷化工板块延续活跃，澄星股份2连板，和邦生物、六国化工、川金诺、云天化、川发龙蟒跟涨。消息面上，2月18日，特朗普签署行政 令，将元素磷及草甘膦等关键除草剂纳入国防关键物资。白宫认定其供应中断将直接威胁美国国防工业与粮食安全，指示农业部与国防部制定 配套措施，保障两类物 ...

Core Insights - The AI competition among major companies has intensified during the recent Spring Festival, with significant cash incentives and promotional activities [1][2][4] - Companies are focusing on three main areas of AI competition: AI empowerment, independent AI applications, and AI hardware [9][25] Group 1: AI Empowerment - Major companies are embedding AI capabilities into traditional business models, such as Alibaba's Quark browser transforming into an "AI Super Box" by March 2025 [10] - Tencent plans to launch Qbot, an intelligent assistant, in May 2025, enhancing its QQ browser with various AI functionalities [10] - Baidu will transition its traditional search box to an "intelligent box" by July 2025, marking a shift towards AI-driven search [11] - Meituan has launched an AI life assistant named "Xiao Mei" [12] - The integration of AI has positively impacted some business segments, with Tencent's marketing services revenue reaching 36.2 billion yuan in Q3 2025, a 21% increase year-on-year [16] Group 2: Independent AI Applications - Companies are shifting focus to independent AI applications as AI empowerment alone does not alter the competitive landscape [18] - Alibaba's "AI Super Entrance" strategy has pivoted to its Qianwen app, which has surpassed 30 million monthly active users by December 2025 [19] - Doubao continues to leverage sponsorships, such as the Spring Festival Gala, to maintain its leading position in the market [20] - Current AI applications show limited daily usage time, with the highest being around 10 minutes per user [22][23] Group 3: AI Hardware - The competition has expanded from software to hardware, with the launch of the Doubao phone in December 2025, which sold out within a day [25] - The rapid success of the Doubao phone has prompted other companies to restrict access to their platforms on this device [26] - AI glasses have also gained popularity, with Alibaba's Quark AI glasses S1 selling out immediately and a significant increase in global smart glasses shipments [29] - Predictions indicate that global smart glasses shipments could exceed 40 million units by 2029 [30] Group 4: Strategic Directions of Major Companies - Alibaba focuses on providing tool value through its AI applications, aiming to assist users in various tasks [33] - Tencent emphasizes social value, with its "Yuanbao" platform allowing users to invite friends through social media [36] - ByteDance's Doubao offers emotional value, creating a personalized and engaging user experience [41] - The strategies of these companies reflect their core strengths, with Alibaba addressing practical needs, Tencent focusing on social interactions, and ByteDance enhancing emotional connections [43]

Group 1 - The core point of the article is that American Capital Group has reduced its stake in Trip.com Group Ltd (09961) by selling 1.819886 million shares at a price of 419.3279 HKD per share, totaling approximately 763 million HKD [1] - After the reduction, American Capital Group's remaining shareholding is approximately 54.908 million shares, representing a holding percentage of 7.96% [1]

春节假期酒店专家交流 20260223 摘要 2026 年春节期间，酒店业受益于天气、假期延长及旅游过年趋势，家 庭游、银发族和情侣成为主要客群，国内游替代部分出境游，入境游显 著增加，锦江酒店受益于低基数和收益管理优化，RPA 同比提升 31 个 点，其中价格贡献 21 个点。 展望全年，锦江酒店若能保持稳定，专注于业务提升和产品升级，业绩 增速有望维持良好水平，过去两年动荡使其基数较低，规模和选址具备 议价能力，全年业绩增速预期乐观。 2026 年酒店市场供给侧放缓，预计小幅增长 1-2 个百分点，但连锁化 率将提升，连锁酒店增速高于行业平均水平，单体酒店数据不佳，连锁 品牌强化下沉市场渗透率。 2026 年商务客源需求预计稳定增长 3-5 个百分点，尽管部分公司管控 高消费酒店，但整体出差预算和频次未大幅下降，部分公司甚至提高报 销标准。 旅游业前景持续向好，人们更多将资金投入旅游消费，游客更倾向于选 择连锁酒店，展会和文娱活动对酒店业需求有积极影响，入境游显著增 加，2026 年预计达 1 亿人次。 Q&A 截至 2026 年 2 月 21 日，同店销售同比提升约 15%，老店受新竞争对 手影响，价格 ...

Core Insights - The competition among major tech giants in the AI sector has intensified, particularly during the recent Spring Festival, with significant cash incentives and promotional activities driving user engagement and growth [2][3]. Group 1: AI Competition Overview - Major companies like Tencent, Alibaba, and ByteDance are heavily investing in AI, with Tencent's WeChat and Alibaba's Qianwen leading various promotional campaigns [2][3]. - The AI interaction volume for Doubao exceeded 1.9 billion during the New Year's Eve, while Qianwen reported over 130 million new users trying AI shopping for the first time during the holiday [3]. - The AI competition is expected to continue evolving, with Doubao announcing further cash giveaways [3]. Group 2: AI Empowerment - Companies are embedding AI capabilities into traditional business models, with Alibaba transforming its Quark browser into an "AI Super Box" by March 2025, and Tencent launching the Qbot intelligent assistant [8][12]. - The integration of AI has positively impacted revenue growth, as seen in Tencent's marketing services, which reported a 21% year-on-year increase in Q3 2025 [12][13]. - Despite AI integration, the competitive landscape remains unchanged, with established leaders in various sectors like Meituan in food delivery and Ctrip in travel [14]. Group 3: Independent AI Applications - As AI empowerment alone does not alter competitive dynamics, companies are shifting focus to independent AI applications, with Alibaba's Qianwen becoming a central player [15][16]. - Doubao has maintained a significant lead in monthly active users (MAU) and continues to leverage high-profile sponsorships to enhance its market position [17]. - Current independent AI applications show limited user engagement, with average daily usage times below 15 minutes, indicating a lack of sustained optimization [19][20]. Group 4: AI Hardware Development - The competition has expanded from software to hardware, with the launch of Doubao's AI phone selling out rapidly, raising concerns among competitors [22]. - AI glasses have also gained popularity, with Alibaba's Quark AI glasses selling out immediately and global shipments of smart glasses increasing by 74.1% year-on-year [25][26]. - The potential for AI hardware to revolutionize interaction methods is significant, with predictions suggesting a long-term growth trajectory for smart glasses [27]. Group 5: Strategic Directions of Major Players - Alibaba focuses on providing tool value through its AI applications, aiming to create a seamless service experience across its ecosystem [33][34]. - Tencent emphasizes social value, with its AI initiatives designed to enhance social interactions, as seen in the introduction of "Yuanbao" [36][41]. - ByteDance's approach centers on emotional value, with Doubao designed to foster emotional connections through personalized interactions [42][44]. Group 6: Future Outlook - The competition for becoming the "super entrance" in the AI era is ongoing, with each company leveraging its strengths to capture market share [48]. - The ultimate success of different strategic approaches remains uncertain, as the AI race continues to evolve rapidly [50][51].

每经记者｜王紫薇 每经编辑｜文多 2026年春节假期，被称为"史上最长假期"。此前相关机构预计，2026年春运，全社会跨区域人员流动量 将会达到95亿人次，创历史新高。 《每日经济新闻》记者注意到，2026年春节假期，"团圆"有了新样子，消费现新趋势：第一批"反向过 年团圆"的父母，在节前就抵达了北上广深的星级酒店，而县城的民宿则被下乡消费的年轻人订"爆"。 此外，米兰冬奥会让冰雪度假游热火朝天。少不了的还有春节档。 在这个春节，人们不再执着于"回家"，而是寻找更舒适的"团圆"；人们不再盲目买单，而是更愿意 为"情绪价值"和"极致体验"付费。 出行：为团圆双向奔赴 2026年农历正月初一（2月17日），全社会跨区域人员流动量预计超2.1亿人次。与往年不同的是，2026 年春节，"反向团圆"开始变得常态化。过去是游子大包小包返乡过年，如今，父母进城陪孩子过年也成 了新风尚。 去哪儿发布的数据显示，2026年春节期间，飞往北上广深一线城市的旅客中，18%为50岁以上人群。其 中，60岁以上老年人购买"人生第一张机票"的数量同比增长20%。这种"接父母过年"模式，直接带动了 大城市2026年春节期间的酒店生意。广州 ...