Ctrip Group President Fan Min Resigns

IT House, February 26 — Ctrip Group announced a series of board changes today, effective from February 25, 2026.

Fan Min has resigned from his roles as Director and President of the company, and Ji Qi has resigned from his position as Director.

At the same time, the company announced the appointment of Ms. Wu Yihong and Ms. Xiao Yang as new independent directors.

According to publicly available information, in 1999, Liang Jianzhang, Shen Nanpeng, Fan Min, and Ji Qi co-founded Ctrip Travel Network.

Ji Qi graduated from Shanghai Jiao Tong University’s Department of Engineering Mechanics with a bachelor’s degree, and later earned a master’s degree in Mechanical Engineering from the same university. In the early days of entrepreneurship, he led the team building and business model exploration for Ctrip, transforming it from a startup into an online travel service platform. As a core member of the founding team, he helped establish Ctrip’s operational direction. He left Ctrip in 2002 to start new ventures. This experience laid the practical foundation for later founding Home Inn and Hanting.

Fan Min earned a master’s degree in Management from Shanghai Jiao Tong University and completed visiting training at Lausanne Hotel Management School in Switzerland. From February 2000 to February 21, 2013, he served as Executive Vice President, Chief Operating Officer, and CEO of Ctrip Computer Technology (Shanghai) Co., Ltd. On February 21, 2013, Liang Jianzhang returned, and Fan Min stepped down as President of Ctrip.

Financial reports show that Ctrip Group’s total international OTA platform bookings in 2025 increased by approximately 60% year-over-year, serving about 20 million inbound travelers throughout the year. In Q4 2025, Ctrip Group’s net operating revenue was 15.4 billion RMB, up 21% year-over-year, mainly due to resilient travel demand. Sequentially, net operating revenue decreased by 16%, mainly due to seasonal factors. For the full year 2025, net operating revenue was 62.4 billion RMB, up 17% year-over-year.

Ctrip Group announced today that in January 2026, the company received a notice of investigation from the State Administration for Market Regulation (SAMR), indicating that an investigation has been initiated under the Anti-Monopoly Law of the People’s Republic of China. The investigation is ongoing, and the company is fully cooperating with the SAMR.

The announcement states that the company will continue to maintain active communication with regulatory authorities regarding compliance matters. The progress and outcome of the investigation cannot be predicted at this time, and further updates will be provided after the investigation concludes. The company’s operations remain normal. Ctrip is committed to providing high-quality products and services to users and partners worldwide.

As previously reported by IT House, on January 14, the State Administration for Market Regulation announced that, based on prior investigations, it had filed a case against Ctrip Group for suspected abuse of market dominance and monopolistic behavior under the Anti-Monopoly Law of the People’s Republic of China.