Tongcheng Travel Holdings Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

SHSC:780 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
05 Dec 24	BuyHK$24,488,607	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	1,362,317	HK$17.98
27 Nov 24	SellHK$45,937,799	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	2,413,676	HK$19.03
25 Nov 24	BuyHK$43,371,622	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	2,320,157	HK$18.69
15 Nov 24	BuyHK$97,905	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	Company	5,774	HK$16.96
15 Nov 24	SellHK$44,201,546	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	2,606,807	HK$16.96
14 Nov 24	BuyHK$7,836,675	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	455,295	HK$17.21
28 Oct 24	SellHK$34,092,607	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	1,893,056	HK$18.01
23 Oct 24	BuyHK$102,761,661	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	5,533,179	HK$18.57
09 Oct 24	BuyHK$594,170	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	34,308	HK$17.32
09 Oct 24	SellHK$41,963,686	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	2,423,028	HK$17.32
08 Oct 24	BuyHK$48,901,023	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	2,679,082	HK$18.25
08 Oct 24	SellHK$133,580,499	Jianzhang Liang	Individual	7,283,600	HK$18.34
08 Oct 24	SellHK$326,709	JPMorgan Chase & Co, Private Banking and Investment Banking Investments	Company	17,899	HK$18.25
08 Oct 24	SellHK$6,905,201	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	378,307	HK$18.25
07 Oct 24	SellHK$52,687,367	Jianzhang Liang	Individual	2,537,426	HK$20.76
07 Oct 24	SellHK$74,806,471	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	3,618,962	HK$20.67
04 Oct 24	BuyHK$45,261,720	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	2,245,158	HK$20.16
04 Oct 24	SellHK$62,426,400	Jianzhang Liang	Individual	3,104,000	HK$20.11
03 Oct 24	SellHK$27,840,006	Jianzhang Liang	Individual	1,386,800	HK$20.07
26 Sep 24	BuyHK$52,826,166	JPMorgan Chase & Co, Brokerage and Securities Investments	Company	3,153,613	HK$16.75
18 Apr 24	SellHK$7,921,907	Jianzhang Liang	Individual	360,000	HK$22.01
17 Apr 24	SellHK$7,950,132	Jianzhang Liang	Individual	360,000	HK$22.08
16 Apr 24	SellHK$7,997,400	Jianzhang Liang	Individual	360,000	HK$22.22
15 Apr 24	SellHK$7,983,288	Jianzhang Liang	Individual	360,000	HK$22.18
12 Apr 24	SellHK$7,935,119	Jianzhang Liang	Individual	360,000	HK$22.04

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of 780?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	29,981,300	1.31%
Private Companies	95,662,910	4.19%
VC/PE Firms	310,899,020	13.6%
Institutions	601,836,547	26.3%
General Public	616,273,042	27%
Public Companies	629,888,770	27.6%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 65.42% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
20.3%	Trip.com Group Limited	464,572,050	HK$8.3b	0%	no data
13.6%	Tencent Holdings Ltd., Investment Arm	310,899,020	HK$5.5b	0%	90.18%
7.24%	Tencent Holdings Limited	165,316,720	HK$2.9b	0%	no data
4.19%	Earthly Paradise Investment Fund L.P.	95,662,910	HK$1.7b	0%	no data
2.58%	BlackRock, Inc.	58,969,295	HK$1.0b	-1.8%	no data
2.18%	Krane Funds Advisors, LLC	49,693,000	HK$883.5m	0.47%	1.6%
2.08%	The Vanguard Group, Inc.	47,615,567	HK$846.6m	1.03%	no data
1.75%	T. Rowe Price Group, Inc.	40,007,200	HK$711.3m	2.25%	0.01%
1.35%	Invesco Ltd.	30,908,000	HK$549.5m	0%	0.02%
1.35%	Norges Bank Investment Management	30,905,532	HK$549.5m	0%	0.01%
1.15%	CSOP Asset Management Limited	26,238,820	HK$466.5m	25%	1.11%
1.08%	Fullgoal Fund Management Co. Ltd.	24,680,000	HK$438.8m	0%	0.16%
0.89%	China Universal Asset Management Company Ltd.	20,249,600	HK$360.0m	0%	0.16%
0.76%	Dimensional Fund Advisors LP	17,290,696	HK$307.4m	12.9%	0.01%
0.58%	Schroder Investment Management Limited	13,154,400	HK$233.9m	0%	0.02%
0.52%	GF Fund Management Co., Ltd.	11,861,065	HK$210.9m	0%	0.06%
0.5%	Eastspring Investments (Singapore) Limited	11,316,800	HK$201.2m	0%	0.07%
0.47%	E Fund Management Co., Ltd.	10,826,800	HK$192.5m	0%	0.03%
0.47%	Swedbank Robur Fonder AB	10,666,000	HK$189.6m	0%	0.02%
0.44%	Bank of Communications Schroder Fund Management Co., Ltd.	10,163,600	HK$180.7m	0%	0.18%
0.42%	Heping Ma	9,499,140	HK$168.9m	0%	no data
0.39%	abrdn plc	8,961,600	HK$159.3m	2.45%	0.02%
0.38%	Zhixiang Wu	8,575,400	HK$152.5m	0%	no data
0.36%	JPMorgan Chase & Co, Brokerage and Securities Investments	8,211,197	HK$146.0m	-32.5%	0.01%
0.36%	PineBridge Investments LLC	8,193,600	HK$145.7m	0%	0.1%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/01/08 10:41
End of Day Share Price	2025/01/08 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Tongcheng Travel Holdings Limited is covered by 42 analysts. 26 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Ka Ho Li	BOCI Research Ltd.
Janet Yang	BofA Global Research
Lixin Ju	BofA Global Research