Tongcheng Travel Holdings Ltd.
Industry Group: Software & Services
Country/Region: Hong Kong
Identifier: HKG:780
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Software & Services 431 out of 962
Universe
Global Universe 5117 out of 15080
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Etsy, Inc. |
15.6
Low
|
112 out of 962 |
Clarivate Plc |
19.7
Low
|
339 out of 962 |
Lyft, Inc. |
21.1
Medium
|
428 out of 962 |
Tongcheng Travel Holdings Ltd. |
21.1
Medium
|
431 out of 962 |
Q2 Holdings, Inc. |
24.5
Medium
|
692 out of 962 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Tongcheng Travel Holdings Ltd.'s Exposure is Medium
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Tongcheng Travel Holdings Ltd.'s Management of ESG Material Risk is Average
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Top Material ESG Issues for Tongcheng Travel Holdings Ltd.
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Controversy Rating
Highest Controversy level that has impacted Tongcheng Travel Holdings Ltd.'s ESG Risk Rating in the last three years
Highest Controversy Level