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    780   KYG8918W1069

TONGCHENG TRAVEL HOLDINGS LIMITED

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Delayed Hong Kong Stock Exchange  -  05/25 04:08:04 am EDT
12.48 HKD   -3.11%
05/24UBS Adjusts Tongcheng Travel's Price Target to HK$17 From HK$18.50, Keeps at Buy
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05/19Tongcheng Travel Holdings Limited Provides Revenue Guidance for the Second Quarter of 2022
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05/19TRANSCRIPT : Tongcheng Travel Holdings Limited, Q1 2022 Earnings Call, May 19, 2022
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Didi's ride hailing rival T3 raises $1.2 bln to expand

10/26/2021 | 09:00am EDT

BEIJING, Oct 26 (Reuters) - T3, a Chinese ride-hailing company backed by state-owned automakers FAW, Dongfeng and Changan said on Tuesday that it had raised 7.7 billion yuan ($1.2 billion) to fund expansion.

T3's funding round comes as ride-hailing companies step up efforts to take market share from China's ride hailing market leader Didi Global Inc which is facing a cybersecurity investigation by Chinese authorities.

T3, along with other ride hailing companies, including Meituan's and Geely's Cao Cao, is offering promotions to attract more users.

The company did not disclose its valuation after the funding. Investors in this funding include Yingtong Technology, online travel platform Tongcheng, and Virtue Capital, an investment company led by Dong Yang, former head of China Association of Automobile Manufacturers (CAAM), T3 said in a statement.

The ride hailing industry in China is under scrutiny by the country's regulators, who are urging ride hailing companies to hire qualified drivers to comply with relevant rules and protect data security.

(Reporting by Yilei Sun and Brenda Goh. Editing by Jane Merriman)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
DONGFENG MOTOR GROUP COMPANY LIMITED 4.04% 5.93 Delayed Quote.-12.04%
TONGCHENG TRAVEL HOLDINGS LIMITED -3.11% 12.48 Delayed Quote.-10.80%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) 0.77% 6.7082 Delayed Quote.4.79%
All news about TONGCHENG TRAVEL HOLDINGS LIMITED
05/24UBS Adjusts Tongcheng Travel's Price Target to HK$17 From HK$18.50, Keeps at Buy
MT
05/19Tongcheng Travel Holdings Limited Provides Revenue Guidance for the Second Quarter of 2..
CI
05/19TRANSCRIPT : Tongcheng Travel Holdings Limited, Q1 2022 Earnings Call, May 19, 2022
CI
05/19Tongcheng Travel Holdings Announces Board Changes, Effective June 06, 2022
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05/19Tongcheng Travel Holdings Limited Reports Earnings Results for the First Quarter Ended ..
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04/20UBS Adjusts Tongcheng Travel's Price Target to HK$18.5 From HK$19, Keeps at Buy
MT
03/25UBS Adjusts Tongcheng Travel's Price Target to HK$19 From HK$21, Keeps at Buy
MT
03/22Tongcheng Travel Holdings Limited Provides Earnings Guidance for the First Quarter of 2..
CI
03/22TRANSCRIPT : Tongcheng Travel Holdings Limited, Q4 2021 Earnings Call, Mar 22, 2022
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03/22Tongcheng Travel Holdings Limited Reports Earnings Results for the Full Year Ended Dece..
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Financials
Sales 2022 7 064 M 1 056 M 1 056 M
Net income 2022 486 M 72,6 M 72,6 M
Net cash 2022 4 032 M 603 M 603 M
P/E ratio 2022 50,9x
Yield 2022 -
Capitalization 23 601 M 3 527 M 3 527 M
EV / Sales 2022 2,77x
EV / Sales 2023 1,75x
Nbr of Employees 5 339
Free-Float 47,2%
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Technical analysis trends TONGCHENG TRAVEL HOLDINGS LIMITED
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 21
Last Close Price 10,64 CNY
Average target price 14,88 CNY
Spread / Average Target 39,9%
EPS Revisions
Managers and Directors
He Ping Ma Chief Executive Officer & Executive Director
Lei Fan Chief Financial Officer
Zhi Xiang Wu Co-Chairman
Jian Zhang Liang Co-Chairman
Hai Bing Wu Independent Non-Executive Director
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