Overview
Trip.com Group Limited is a multinational travel service conglomerate headquartered in Shanghai, China. Founded in 1999, the company owns and operates several travel fare aggregators and travel fare metasearch engines including namesake and flagship Trip.com, Skyscanner, Qunar, Travix, and MakeMyTrip. It operates websites in about 40 languages and 200 countries.
Trip.com Group is currently the largest online travel agency in China and one of the largest travel service providers in the world.
History
The company was founded by James Liang, Neil Shen, Min Fan, and Qi Ji in June 1999.
The company was listed on the NASDAQ in 2003 through a variable interest entity (VIE) based in the Cayman Islands in a Merrill Lynch-led offering, raising US$75 million from the sale of 4.2 million American depositary receipts at $18 each. It appreciated 86% to close at $33.94 per ADR in its first day of trading. The stock traded at a peak of $37.35 on its first day of trading, making it the first company since the November 2000 IPO of Transmeta to double its price in the first day of trading.
From Wikipedia (CC BY-SA 4.0).
