Option chain shows key data for Tongcheng Travel Holdings's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Tongcheng Travel Holdings.

Tongcheng Travel Holdings (OTC:TNGCF) Stock, Option Chain

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.

Penny Stocks

TCOM

TONGCHENG ELONG HOLDINGS by TONGCHENG ELONG HOLDINGS LTD.

TNGCF

Key Takeaways:


	Tongecheng travel announced it scrapped its planned purchase of a fintech company as a post-Covid ‘military-style’ travel boom starts to fade
	The online travel agent’s revenue rose 81% in 2023 as it catered to a new generation of frugal travelers, but the growth rate slowed to 50% in the first quarter



Tongcheng Slows Spending As Budget Travel Frenzy Fades

TONGCHENG TRAVL HLDGS LTD by TONGCHENG TRAVEL HLDGS LTD.

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Tongcheng Travel Holdings

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