JD.com’s travel sector push hits Trip.com, Meituan shares Investing.com-- JD.com’s (HK:9618) push into the travel sector by launching a hotel membership programme sent ripples through China’s online travel and services sector on Thursday, dragging shares of Trip.com Group (HK:9961) and Meituan (HK:3690) lower. In an open letter to hoteliers on Wednesday, JD.com said it will provide supply‑chain services aimed at lowering operational costs and enhancing guest experiences. The zero‑commission programme is slated to run as long as three years, during which JD.com also plans to optimise supply chains and attract increased consumer traffic to hoteliers. JD.com’s tourism foray closely follows its aggressive food‑delivery expansion to compete with Meituan and Ele.me; the firm has similarly offered zero‑commission incentives in that segment. Trip.com, the nation’s leading online travel agency, plunged approximately 5% in Hong Kong trading, while Meituan, which offers both food delivery and travel-booking services, slid nearly 4%, as investors recalibrated expectations amid heightened competition in the travel space. Hong Kong-listed JD shares also fell over 3%. The slump in their stocks also reflected broader market unease, as Asia equities faced pressure from escalating Middle East tensions following reports of U.S. preparations for potential strikes on Iran. Hong Kong’s Hang Seng index dropped over 2%.

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MakeMyTrip stock falls after share repurchase deal with Trip.com Investing.com -- MakeMyTrip Limited (NASDAQ:MMYT) stock dropped 12.4% following the announcement of a share repurchase agreement with Trip.com Group Ltd (NASDAQ:TCOM), whose shares edged up 0.8%. MakeMyTrip plans to repurchase a portion of its Class B shares from Trip.com, using proceeds from newly announced offerings of convertible senior notes and ordinary shares. The company has commenced a proposed primary offering of 14 million ordinary shares, with underwriters having a 13-day option to purchase up to 2.1 million additional shares. Simultaneously, MakeMyTrip announced a private offering of 0.00% convertible senior notes due 2030 with an aggregate principal amount of $1.25 billion to qualified institutional buyers. Initial purchasers will have an option to buy up to an additional $187.5 million in notes. The repurchase price will be based on the net offering price of the primary equity offering, after deducting estimated underwriting discounts and commissions for both offerings. This transaction follows a share repurchase agreement entered between the companies on June 16, 2025. For Trip.com, the deal appears aimed at optimizing its investment portfolio and enhancing shareholder returns, while MakeMyTrip will use the entire net proceeds from both offerings to fund the repurchase. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. TCOM: A Bull or Bear Market Play? Don't miss out on the next big opportunity! Stay ahead of the curve with ProPicks AI – 6 model portfolios fueled by AI stock picks with a stellar performance this year... In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record. With portfolios tailored for Dow stocks, S&P stocks, Tech Stocks, and Mid Cap stocks, you can explore various wealth-building strategies. So if TCOM is on your watchlist, it could be very wise to know whether or not it made the ProPicks AI lists.

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