China's Ctrip in talks with banks to follow Alibaba with HK listing

China's Ctrip in talks with banks to follow Alibaba with HK listing

Kowloon, Hong Kong. Photo: Shuja/Unsplash

U.S.-listed online travel giant Ctrip is talking to banks about a planned secondary listing in Hong Kong, putting the group at the head of a queue of Chinese companies expected to follow Alibaba in establishing an investor base closer to China.

Ctrip, also known as Trip.com Group Ltd, has approached China International Capital Corp, JPMorgan and Morgan Stanley for its planned share sale in Hong Kong, said four people with knowledge of the matter.

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