Ctrip, the Chinese travel booking site, went public on Dec 9, 2003. Eight year later, to many people’s surprise, the largest travel service of its kind in China now enjoys a market capitalization of over 5.907 billion US dollars, only second to Baidu, ranking even before long-standing portals like Sina, NetEase and Sohu and online game powerhouse such as Shanda.

Founded in 1999 by Ji Qi, Shen Nanpeng, Fan Ming and Liang Jianzhang, Ctrip offers flight tickets booking, hotels booking and vacation tour service to its customers. According to its 2010 annual report, Ctrip’s 2010 net income grew 45% year over year to US$ 437 million. For the first financial season in 2011, its net income grew 30% year over year to US$ 117 million.

Although many don’t consider Ctrip as a hardcore internet business for a large part of its operation runs offline, the booking service boasts a market capitalization that every internet company would dream of. And according to Chinese market research firm iResearch, Ctrip holds over 50% of travel booking market in China, while Qunar, eLong and many others take over the leftovers.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Ben Jiang

Listener of startups, writer on tech. Maker of things, dreamer by choice.