Tripadvisor stock jumped 10% Thursday after Starboard Value revealed a more than 9% stake in the online travel company, according to a securities filing.The position was valued at about $160 million as of Wednesday's close.Tripadvisor shares have been flat since the start of the year after plummeting more than 30% in 2024. Last year, the travel review and booking company said it created a special committee to explore potential options. ...

Exclusive: Activist investor Starboard Value has built an over 9% stake in Tripadvisor after the online travel-review company eschewed takeover offers in the past year https://t.co/tRegEVcLdK ...

Group 1 - Booking Holdings plans to hold a conference call to discuss its second quarter 2025 financial results on July 29 at 4:30 p.m. ET [1] - The financial results will be posted on the company's Investor Relations website at approximately 4:00 p.m. ET on the same day [2] - Booking Holdings is the leading provider of online travel and related services, operating in over 220 countries and territories through brands like Booking.com, Priceline, Agoda, KAYAK, and OpenTable [2]

Group 1 - The summer travel peak has officially begun, with Tuniu's booking data indicating that the first wave of travel started on June 28 and is expected to last until mid-August [1] - Domestic long-distance travel and outbound short-distance travel are particularly popular, with family travelers making up 42% of total travelers [1][2] - Popular domestic travel destinations include Shanghai, Beijing, Sanya, Guangzhou, Nanjing, Urumqi, Chengdu, Hangzhou, Zhuhai, and Guilin [1] Group 2 - In outbound travel, popular destinations include the Maldives, Japan, Indonesia, Italy, Switzerland, France, Malaysia, Singapore, the UK, and Germany [1] - Among popular domestic group tours, routes to Northwest, Southwest, North China, and East China are seeing high booking volumes, with specific tours like "Qinghai Lake - Chaka - Dunhuang 8-day tour" and "Nanjing 3-day tour" ranking highly [1] - In outbound group tours, longer itineraries such as "Japan Toyama - Osaka - Tokyo 8-day tour" and "France - Italy - Switzerland 13-day tour" are favored by Tuniu users [1] Group 3 - The popularity of high-speed rail travel is on the rise, with "2-3 hour high-speed rail circles" becoming a favored choice for domestic travelers [2] - Key destinations for high-speed rail travel include Beijing, Shanghai, Nanjing, Suzhou, Hefei, Hangzhou, Qingdao, Guangzhou, Tianjin, and Shijiazhuang [2] - Family travel remains a significant trend, with theme parks like Zhuhai Chimelong Ocean Kingdom and Shanghai Disneyland seeing high booking rates [2]

Core Viewpoint - Trip.com Group Limited has completed its repurchase right offer for its 1.50% Exchangeable Senior Notes due 2027, with no notes being validly surrendered before the expiration of the offer [1] Group 1: Company Overview - Trip.com Group Limited is a leading global one-stop travel platform, offering a comprehensive suite of travel products and services [3] - The company operates under various brands, including Ctrip, Qunar, Trip.com, and Skyscanner, and aims to provide cost-effective travel bookings and support [3] - Founded in 1999, the company was listed on Nasdaq in 2003 and on HKEX in 2021 [3] Group 2: Financial Information - The repurchase right offer for the Exchangeable Notes expired on June 27, 2025, and US$500,000,000 in aggregate principal amount of the notes will remain outstanding [1] - The existing terms of the Exchangeable Notes and the related Indenture will continue to apply [1]

Core Insights - ly.com demonstrated significant growth in Q1 2025, with revenue reaching RMB 4.377 billion, a 13.2% year-over-year increase, and adjusted net profit of RMB 788 million, up 41.1% YoY, indicating strong demand in the mass-market tourism sector [1][2][4] Operational Performance - Revenue from the online travel platform segment grew by 18.4% YoY to RMB 3.792 billion, accounting for approximately 86.6% of total revenue, driven by accommodation booking services and transportation ticketing [4][5] - Adjusted EBITDA reached RMB 1.159 billion, reflecting a robust business mix and multi-dimensional expansion [2][4] Business Developments - ly.com is focusing on mass-market tourism, targeting consumers in non-first-tier cities, which represent a significant growth opportunity, with 87% of registered users from these areas [9][11] - The company has integrated AI capabilities to enhance operational efficiency, reducing labor costs by 20% and improving user experience through personalized travel planning [16][17] Strategic Insights - The mass-market tourism sector is experiencing segmentation and diversification, with a growing demand for differentiated travel experiences among various consumer groups [20][21] - Outbound tourism is expected to drive future growth, particularly from non-first-tier cities, as ly.com enhances its international offerings and partnerships [7][23]

Group 1: Investment Potential of Growth Stocks - Investing in growth stocks can lead to significant long-run returns, but future performance is uncertain [1] - Diversifying investments across multiple growth stocks can be beneficial, as one successful investment can yield substantial returns [2] Group 2: Nvidia - Nvidia has emerged as a major growth story, particularly due to its role in AI technology, with its chips now critical for AI development [4] - The company generated $77 billion in profit over the last 12 months, a significant increase from previous revenue levels [5] - A $5,000 investment in Nvidia 20 years ago would be worth over $3.1 million today, highlighting its long-term potential [6] Group 3: Netflix - Netflix has consistently evolved its business model, transitioning from DVD rentals to streaming and now live TV and gaming [8] - The company is valued at $40 billion with net margins exceeding 23%, serving as a model for profitability in the streaming industry [9] - A $5,000 investment in Netflix 20 years ago would now be worth about $3 million, indicating its strong growth trajectory [11] Group 4: Booking Holdings - Booking Holdings has been a significant investment opportunity, with a $5,000 investment growing to nearly $1.1 million today [12] - The company leads in online travel services, revolutionizing how consumers book travel through its popular websites [13] - In the last year, Booking Holdings generated $23.7 billion in sales, an 11% increase from the previous year, with a profit of $5.9 billion [14]

京东供应链是东哥最后的底牌。 京东失去的五年 6月17日，刘强东在一场分享会中，阐述了京东商业模式的本质、进军外卖的初心和逻辑，以及新业务拓展、组织建设等多方面观点，内容刷屏。但其中最引人注 意的还是东哥罕见的直接批评"京东失去了五年"。开会检讨谁都见过，但像东哥这样一把手直接毫不客气的批评，还是较为少见。 东哥这番批评并不是内部管理手段，也不是选择流量最大的说法，而是有一定现实依据。 刘强东说："京东集团每隔三年会有一个新的商业模式出来，我们一直保 持，当然最近这五年，京东没有任何新的东西，很遗憾。最近五年可以说是京东失落的五年，是走下坡路的五年，可以毫不留情地这么说，没有创新，没有成 长，没有进步的五年，应该算是我创业史上是最没有特色的、贡献价值最少的五年。未来每年都会有一个创新项目，现在已经有包括稳定币在内的6个创新项目在 陆续推出。" 2022年京东参团低价大战，创始人火线回归，业务线动荡频繁。它学习拼多多做低价，要和阿里掰手腕，还得分神和美团过两招。种种激进与挣扎，只换来一路 走低的股价与资本市场的诘问。 也很少有人能记起，京东曾是最先进入即时零售领域的，2015年就推出配送时效为一小时的京东到家， ...

Core Viewpoint - Alibaba is strategically integrating its instant retail and travel businesses, Ele.me and Fliggy, into its China e-commerce division to transform from a single e-commerce platform to a comprehensive consumer platform, aiming to alleviate traffic anxiety and enhance user engagement [2][4][11]. Group 1: Strategic Integration - The merger of Ele.me and Fliggy into the e-commerce division is a significant strategic upgrade, indicating a shift towards a unified consumer ecosystem that combines e-commerce, instant retail, and travel services [2][4]. - Ele.me and Fliggy will continue to operate independently but will align their business strategies with the e-commerce division to enhance collaboration and efficiency [4][6]. - The integration aims to leverage high-frequency transactions from instant retail to boost low-frequency e-commerce user engagement, thereby creating a more competitive consumption ecosystem [5][9]. Group 2: Market Potential and Growth - The instant retail market in China reached a scale of 650 billion yuan in 2023, with a year-on-year growth of 28.89%, and is projected to exceed 2 trillion yuan by 2030, highlighting its potential as a new growth area for Alibaba [8]. - The collaboration between Taobao's flash purchase service and Ele.me has shown significant results, with daily orders increasing from 10 million to over 60 million in less than two months, indicating a successful synergy [6][7]. - The need for Alibaba to find new growth points is critical as e-commerce growth slows, making instant retail a prime focus for future investments [8][9]. Group 3: Competitive Landscape - The competitive landscape is intensifying, with major players like JD.com and Meituan actively participating in the instant retail and travel markets, prompting Alibaba to adapt its strategies [7][10]. - The integration of Ele.me and Fliggy is seen as a response to the challenges posed by competitors, as both businesses were previously considered non-core to Alibaba's main operations [7][11]. - The future of Alibaba's business model may hinge on successfully merging online and offline services to create a "super app" centered around consumer needs, which is essential for maintaining competitiveness in the evolving market [11].

01、把业务重新合到一起 阿里再次调整组织架构。 6月23日，阿里巴巴集团CEO吴泳铭发布全员邮件，全文200来字，言简意赅，传递出两层信息。其一， 将进一步整合业务，饿了么、飞猪即日起合并入阿里中国电商事业群，两项业务的负责人——饿了么董 事长兼CEO吴泽明、飞猪CEO庄卓然，继续担任当前职务，但向蒋凡汇报。后者2024年11月起任阿里电 商事业群CEO。 其二，如此整合的原因，是阿里"从电商平台走向大消费平台的战略升级"。未来，公司还将更多从用户 角度出发，优化整合业务模式和组织形态。 此前，在"1+6+N"的业务框架下，饿了么归属的本地生活集团，是"6"大业务板块之一，飞猪则被归 入"N"。从目前来看，此番整合，不同业务间的壁垒将进一步打破，试图走向多方共赢。 "整合之后，便于饿了么的即时配送能力与淘宝闪购业务深度融合，实现'远场电商+近场零售'的全场景 覆盖。与此同时，飞猪的旅游产品能通过淘天庞大的用户流量拓展销售渠道，电商平台也能借助旅游场 景开发'旅游+购物'的交叉营销模式。"海豚智库创始人、电商分析师李成东对《财经天下》表示。 在李成东看来，阿里当下的整合，沿用的是类似于美团的超级App逻辑，" ...