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[Travel News]: Trip.com filing: Baidu remains its largest shareholder, international revenue drops significantly

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The following is the [Travel News]: Trip.com filing: Baidu remains its largest shareholder, international revenue drops significantly from [ChinaTravelNews] recommended by TheTourAttraction.com:

Revenue from other regions across the globe decreased from 12.5% in 2019 to 7.1% in 2020.

Trip.com Group today announced that the Company has filed its annual report on Form 20-F that includes its audited financial statements for three years ended December 31, 2020 with the Securities and Exchange Commission on March 15, 2021. 

As of December 31, 2020, Trip.com Group and its consolidated subsidiaries and consolidated affiliated Chinese entities had approximately 33,400 employees, including approximately 3,187 in management and administration, approximately 10,006 in its customer service centers, approximately 4,011 in sales and marketing, and approximately 16,196 in product development including supplier management personnel and technical support personnel. Most of the employees are based in Shanghai, Beijing, Nantong, and Chengdu.

As of February 28, 2021, directors and senior management holding more than 1% of Trip.com shares are: James Jianzhang Liang (3.1%), Min Fan (1.7%) and Jane Jie Sun (1.5%).

Baidu remains Trip.com’s largest shareholder, owning a 11.5% stake in the company, followed by Pzena (6.6%) and T.ROWE PRICE (6.2%).

The Company primarily generates its revenues from the Greater China Area. No revenue result from an individual country other than the Greater China accounted for more than 10% of revenue for the presented years. Due to the impact of Covid-19, revenue from other regions as a percentage of total revenue decreased from 12.5% in 2019 to 7.1% in 2020.

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