(Yicai Global) July 29 -- Trip.Com Group has declined to comment on a media report that claimed that the Chinese online travel agency is considering taking its shares private, Securities Daily reported.

Reuters reported yesterday, citing an insider, that Trip.Com is in talks with potential investors about funding its delisting from the Nasdaq, due to the heavy toll of the Covid-19 pandemic on its business and valuation.

Shares of the company [NASDAQ:TCOM], formerly known as Ctrip, climbed over 10 percent intraday yesterday but closed 0.47 percent down. The stock price has plunged by 17 percent this year.

Editor: Emmi Laine