# Who are Trip.com Group's customers? Who does Trip.com Group earn revenue from?
Canonical: https://valuechain.wiki/trip-com-group · Facet: customers · Updated: 2026-07-12T01:44:32.483+00:00 · Source: ValueChain.wiki (cited money-flow graph)

### 바이두 (지분법 투자자) (mid)  → /baidu.md
- note: Baidu is a strategic investor holding a Trip.com Group stake by the equity method.
- [confirms] SEC EDGAR (EN, filing, published 2026-03-17) https://www.sec.gov/Archives/edgar/data/1329099/000119312526109289/d38065d20f.htm: "We invested in Trip.com Group Limited; the 2032 Exchangeable Bonds reference Trip.com shares held by us."

Reverse side: https://valuechain.wiki/trip-com-group/suppliers.md · Ripple: https://valuechain.wiki/trip-com-group/ripple.md

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Full node: https://valuechain.wiki/trip-com-group.md · JSON: https://valuechain.wiki/trip-com-group.json