Trip.com Group
Coverage of Trip.com Group in the Nexus archive.
- China’s biggest travel site grapples with watchdog’s reservations
A probe concluded that Trip.com, China’s biggest travel site, abused its power. The investigation found that the platform was responsible for handling more than half of the country’s hotel bookings.
- 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.
- China hits travel platform Trip.com with $765M in penalties over monopoly abuses
China has imposed penalties of nearly $765 million on travel platform Trip.com for monopoly abuses. The fine is related to anticompetitive practices by the company.
- China hits Trip.com with US$765 million antitrust penalty after six-month investigation
China’s State Administration for Market Regulation imposed a 5.2 billion yuan (US$765 million) antitrust penalty on Trip.com Group for monopolistic conduct, including abuse of its dominant market position. The regulator confiscated 1.658 billion yuan in illegal gains as part of the penalty.
- European travel platform Omio raises $10 million and buys Rail Europe as it chases Asia’s tourism market
Omio, a Berlin-based travel platform, acquired Rail Europe and secured $10 million in funding from Granite-Integral to expand into Asia. The company aims to leverage Rail Europe's network of travel agencies to distribute Asian rail content and targets growing tourism markets in Japan and Southeast Asia.
- Trip.com faces verdict as China to wrap up antitrust probes as soon as this week: sources
China’s State Administration for Market Regulation (SAMR) is set to announce the results of its antitrust investigation into Trip.com Group, the country’s largest online travel services provider, as soon as this week. The probe, initiated in January, could result in a fine between 2 billion yuan and 6 billion yuan.
- China’s birth rate just hit its lowest point since 1949—and Trip.com cofounder James Liang thinks that’s a threat to innovation
Trip.com cofounder James Liang warns that China's record-low birth rate of 5.63 per 1,000 people in 2023 threatens innovation, as declining populations reduce the talent pool for technological advancement. He highlights East Asia's demographic crisis, with Japan, South Korea, and others nearing 'super-aged' status, and notes global fertility rates below replacement levels in two-thirds of countries.
- China’s Trip.com faces revenue slowdown, warns of ‘significant fine’ from antitrust probe
Trip.com Group, China’s largest online travel agency, expects second-quarter revenue growth to be the slowest in over three years and warns of a significant fine from an antitrust probe by the country’s top market regulator. First-quarter revenue rose 17% to 16.2 billion yuan, but second-quarter growth is forecast at 3-8%, with a profit decline in the March quarter.