Ctrip plans secondary listing in Hong Kong
China online travel giant Ctrip is pushing ahead with a planned secondary listing on the Hong Kong bourse.
Ctrip has a primary listing in the US and is now in talks with China International Capital, JPMorgan and Morgan Stanley to list about 10% of shares in Hong Kong.
It follows a successful $12.9 billion secondary listing in Hong Kong by Alibaba.
That was the city’s largest deal for a decade.
Ctrip, also known as Trip.com, may list during the first half of this year according to people familiar with the matter.
Ctrip launched on the US Nasdaq in 2003.
Other tech firms including NetEase and Baidu have apparently made plans for secondary listings in Hong Kong.
Ctrip is keen on establishing an investor base close to China.
It will be a boost for Hong Kong which has seen its reputation as a global business centre take a knock amid months of anti-government protests.
Charles Li, chief executive of Hong Kong Exchanges & Clearing told Reuters he expects more US-listed companies with Chinese roots to follow Alibaba.
"I think just by their nature they will come, because their customers know them and they will potentially get a better valuation re-rate if your customer know your business and wants to become your shareholder," he said.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
France prepares for a massive strike across all transports on September 18
Turkish tourism stalls due to soaring prices for accommodation and food
CCS Insight: eSIMs ready to take the travel world by storm
Germany new European Entry/Exit System limited to a single airport on October 12, 2025
Airlines suspend Madagascar services following unrest and army revolt