Klook withdraws US listing application
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On October 16, 2026, Asia-Pacific destination activities platform Klook withdrew its listing application with the US Securities and Exchange Commission, attributing the move to market volatility. In the first nine months of 2025, Klook's GTV was approximately US$2.292 billion, up 30.9% year on year, and revenue was approximately US$407 million, up 43.5% year on year, but it recorded a loss of US$141 million in the same period. Related reports also cited suppliers and industry operators discussing after-sales fulfillment pressure amid the platform's expansion of direct procurement, and mentioned that the global travel experiences market was approximately US$271 billion in 2025, with online booking accounting for only about 33%, indicating room for growth. Klook has not disclosed a timetable for restarting its listing.
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- TravelDaily ChinaKlook Withdraws US IPO Application; Destination Activities Platform Faces Pressure on Profitability and Fulfillment
On October 16, 2026, Asia-Pacific destination activities platform Klook withdrew its listing application with the US Securities and Exchange Commission, attributing the move to market volatility. In the first nine months of 2025, Klook's GTV was approximately US$2.292 billion, up 30.9% year on year, and revenue was approximately US$407 million, up 43.5% year on year, but it recorded a loss of US$141 million in the same period. The article also cites suppliers and industry operators to discuss after-sales fulfillment pressure amid the platform's expansion of direct procurement, as well as the growth room in the global travel experiences market, which was approximately US$271 billion in 2025 with online bookings accounting for only about 33%.
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