BUSINESSJul 25 · 05:01 UTCWTOP DCWTOP Staff

China hits travel platform Trip.com with $765M in penalties over monopoly abuses

China's State Administration for Market Regulation fined Trip.com Group $765 million for monopolistic practices, including exclusive hotel partnerships and price manipulation. The regulator accused Trip.com of abusing its market dominance since 2020, leading to confiscation of $245 million in illegal gains and a $520 million fine.

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Trip.com GrouporganizationChina's State Administration for Market RegulationorganizationCtriporganizationSkyscannerorganization

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