Top 5 Chinese Companies on NASDAQ

4. Trip.com Group Limited (NASDAQ:TCOM)

Number of Hedge Fund Holders: 42

Trip.com Group Limited (NASDAQ:TCOM) is a leading online travel service provider, offering a range of travel-related services, including accommodation reservations, transportation ticketing, packaged tours and corporate travel management. With its headquarters in Shanghai, China, the company operates in more than 200 countries and regions worldwide. Trip.com Group Limited (NASDAQ:TCOM) is on our list of the top Chinese companies trading on the Nasdaq.

On December 16, UBS analyst Wei Xiong upgraded Trip.com Group Limited (NASDAQ:TCOM) to Buy from Neutral and raised his price target to $41 from $28.

As of September 30, Pzena Investment Management is the largest investor in Trip.com Group Limited (NASDAQ:TCOM) and has stakes worth $277.9 million in the company.

Here is what Harding Loevner had to say about Trip.com Group Limited (NASDAQ:TCOM) in its third-quarter 2022 investor letter:

“Our other new Chinese holding is a familiar one: Trip.com Group Limited (NASDAQ:TCOM) , which we’ve previously held, is responsible for half of China’s online travel bookings. Among its more than 50,000 travel partners are many upscale hotels, and this abundance of choice continues to attract a vast user base. Trip.com’s international footprint has broadened through its subsidiary Skyscanner, a UK platform, and a partnership with TripAdvisor of the US. The company’s leadership has experience successfully guiding the business through highly competitive conditions. Increasing travel demand in a post-COVID-19 world opens the door to accelerated growth.”

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