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    Parash Jain • HSBC

    Parash Jain's questions to Trip.com Group Ltd (TCOM) leadership

    Parash Jain's questions to Trip.com Group Ltd (TCOM) leadership • Q1 2025

    Question

    Parash Jain of HSBC asked about Trip.com's core competencies in key Asian markets driving its international expansion and whether US-China trade tensions have disrupted the travel business.

    Answer

    CEO Jane Sun outlined three core competencies: a one-stop shopping platform with strong cross-selling, excellent 24/7 customer service, and a user-friendly mobile app experience tailored for Asian markets. She noted that as volume grows, pricing and coverage competitiveness also improve. The second part of the question regarding trade tensions was not directly addressed.

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    Parash Jain's questions to Trip.com Group Ltd (TCOM) leadership • Q2 2024

    Question

    Parash Jain from HSBC asked about the current dynamics and opportunities in the M&A space and how the company is thinking about its capital return policy given its steady cash flow generation.

    Answer

    CFO Xiaofan Wang stated that the company's first priority is organic growth and maximizing synergies within its existing portfolio of brands. Regarding capital allocation, she outlined four priorities: investing for growth, disciplined cost management, prudent leverage management, and providing consistent shareholder returns through dividends or buybacks.

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