Tongcheng Travel Holdings Ltd.
Industry Group: Software & Services
Country/Region: Hong Kong
Identifier: HKG:780
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 432 out of 962
Universe
Global Universe 5003 out of 15101
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Etsy, Inc. |
15.6
Low
|
109 out of 962 |
| Kingsoft Corp. Ltd. |
20.3
Medium
|
373 out of 962 |
| Kanzhun Ltd. |
20.5
Medium
|
385 out of 962 |
| Tongcheng Travel Holdings Ltd. |
21.1
Medium
|
432 out of 962 |
| Q2 Holdings, Inc. |
24.5
Medium
|
688 out of 962 |
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Controversy Rating
Highest Controversy level that has impacted Tongcheng Travel Holdings Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
