Trip.com Gains After Reversing COVID-19 Loss Amid China Economic Recovery

Shares in Trip.com Group, China’s largest on-line travel service, ended last week higher after company said first-quarter earnings reversed to a profit after a big Covid-19-related loss a year earlier.

Its Hong Kong-traded shares closed at HK$318.80 on Friday, compared with HK$278.60 a week earlier.  That was also a big gain from the HK$268 share price from a seconding listing at the Hong Kong Stock Exchange on April 19 that raised $1.3 billion.  At the Nasdaq, where it went public back in 2003 when the business was known as Ctrip, Trip.com ended the week at $39.77, up from $37.51 a week earlier.

Net income for the first

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