Ctrip reported 2Q19 net revenue of RMB 8.7bn, up 19% YoY – of which accommodation reservation revenue increased 21% YoY to RMB 3.4bn, and packaged-tour revenue increased 25% YoY to RMB 1.1bn. 2Q19 gross margin was flat at 79% as compared to 80% in 2Q18. We are positive on Ctrip due to the large addressable … Continue reading Trading Notes – Ctrip.com (NASDAQ: CTRP)