Group 1 - Ctrip Group's stock price surged by 4.62% to a record high of 600.5 HKD, with a market capitalization reaching 392.7 billion HKD [1] - Ctrip's travel management division recently acquired Key Travel, the largest travel management company focused on humanitarian, religious, and academic travel, operating in nine countries across Europe, North America, and Africa [1] - Ctrip's travel management CEO stated that the company is expanding its international business through acquisitions and self-development, now covering eight markets globally [1] Group 2 - According to CMB International, Ctrip is in a favorable position in the competitive domestic market, with an ongoing trend of improved marketing efficiency [1] - Citigroup expects Ctrip's domestic revenue growth to remain resilient, with strong overnight room numbers, and has raised its earnings estimates for 2025 to 2027 by 2%, 2%, and 3% respectively [1] - UOB Kay Hian maintains a "buy" rating on Ctrip and has raised its target price to 725 HKD, highlighting it as a preferred stock among Chinese tech companies [1][3]