Trip.com Group Limited (NASDAQ:TCOM) Q3 2023 Earnings Call Transcript

Jane Sun: So for the second question on AI, we use AI for mainly four areas. The first one is to improve user interface. I think the TripGenie really enables our customers to find their relevant and tailor made products much easier. The second one is to improve the efficiency for our engineering team by using copilot. The third one is also to improve our efficiency for content generation and make sure all the content and the recommendation list are accurate and based on the reliable data. And lastly, we also are using AI to further improve our efficiency for customer service team. So these are the four areas, which we are fully utilizing our AI capability, and we will make investments accordingly. Thank you.

Tian Hou: Okay. May I ask one more question? So, the question is about your announced share repurchase plan. So, I understand you guys think the valuation is undervalued, and I agree with you. But isn’t there a better use of U.S. dollars? For example, the U.S. government’s short-term debt is already reaching almost 6% of yield. So, if you buy back your own shares, you’re sure you can generate more than 6% yield. So, I just want to think about — want to ask the question. So do you think buyback share versus investing in the better yield, which one is the better option?

Cindy Wang: Yes. Thank you for your question. To be honest, we are — ever since we established, we’re always in the travel industry. And I think the reason that our investors invest us is not because we have the expertise to making investment rather, actually, we are the expert in the travel industry. So we should be, as always, be very consistently focused on our core business, which is travel. and make investment in ourselves is the opportunity — is the best opportunity for our shareholders. Thank you.

Operator: There are no further questions at this time. I will now hand the conference back to Michelle for closing remarks. Thank you.

Michelle Qi: Thank you. Thanks, everyone, for joining us today. You can find the transcript and webcast of today’s call on investors.trip.com. We look forward to speaking with you on the fourth quarter of 2023 earnings call. Thank you, and have a nice day.

Operator: Thank you. This concludes today’s conference. Thank you all for participating. You may now disconnect.