Trip.com provides an online platform for people to find and purchase cost-effective travel products/services, as well as obtain detailed information on travel-related offerings.
For the fourth quarter of 2020, Trip.com reported a net revenue of $770 million, a 40% decrease from the same period in 2019.
With the new funds, Trip.com plans to expand its travel offerings, invest in technology and improve the platform's overall user experience as global travel begins to recover.
A portion of the funds will also go to supporting the company's general working capital.
One-stop travel booking services in 19 languages through our website and mobile app
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