Tongcheng Travel, a Hong Kong-listed online travel company jointly invested by Tencent and Trip.com Group, said its first-quarter revenue rose more than 50% to RMB 2,586 million (USD 366.9 million).
Average monthly active users (MAU) rose 16.9% to 244.8 million during the quarter, while average monthly paying users (MPU) increased 30.6% to 41.4 million at the time.
But the number of paying users for the twelve-month period ended March 31 decreased by 2.4% year-to-year to 200.7 million.
The company's gross merchant value (GMV) jumped 76.5% to RMB 57.2 billion (USD 8.1 billion).
Tongcheng said it further enhanced user interactions and strengthened cooperation with Tencent. In the first quarter of 2023, around 80% of its average MAUs were contributed by Weixin mini program.
