July 17, 2025 10:42 AM GMT China OTAs | Asia Pacific 2Q25 preview: Watching demand after competition noise We believe the market has formed a consensus that JD's entrance won't significantly impact OTA leaders due to the supply chain moat. We expect TCOM and TCEL to deliver in-line 2Q earnings. The recent decline in domestic travel demand is worth monitoring. Competition: OTA incumbents have yet to feel rising competition from JD and they have only suspended inventory sharing with JD (no take rate cut to ho ...

MakeMyTrip Ltd. (NASDAQ: MMYT) Investor Presentation May 2025 Safe Harbour This presentation contains certain statements concerning MakeMyTrip's (MMYT) future growth prospects and forward-looking statements, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on the MMYT's current expectations, assumptions, estimates and projections about MMYT and its industry. These forward-looking statements are subject to variou ...