Ctrip CEO Sun Calls BRICs Buying Power Significant

The video discusses the BRICS summit in Xiamen, China, highlighting Ctrip's role as a major online travel agency. CEO Jensen talks about the travel opportunities in BRICS nations, emphasizing their growing GDP and attractiveness as destinations for Chinese tourists. Ctrip's domestic strategy focuses on expanding into second and third-tier cities in China, leveraging both online and offline channels. The competitive landscape is addressed, with a focus on technology investments in AI, big data, and cloud computing. Ctrip's investment strategy is disciplined, focusing on core travel-related businesses with reasonable valuations.

Which country hosted the Olympic Games, attracting more tourists according to the BRICS Summit discussion?

• India

• Brazil

• South Africa

• Russia

What percentage of travel bookings in China are made online, as mentioned in the Ctrip strategy?

• 40%

• 20%

• 30%

• 10%

What is one of the strategies Ctrip is using to penetrate second and third-tier cities in China?

• Partnering with airlines

• Offering free travel insurance

• Increasing branding advertisement

• Reducing prices

According to Ctrip's investment strategy, what is the first criterion for evaluating potential acquisitions?

• Alignment with core business

• High profit margins

• Low competition

• Innovative technology

What is the third criterion Ctrip uses to assess potential investments?

• Valuation needs to be reasonable

• Geographical location

• Market share

• Customer satisfaction