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China's State Administration for Market Regulation

Coverage of China's State Administration for Market Regulation in the Nexus archive.

Earliest in view: Jul 25 · 05:01 UTCMost recent: Jul 25 · 05:01 UTC

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BUSINESSJul 25 · 05:01 UTCWTOP DC
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.