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#反垄断

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Sep 24Thu
  1. China Tourism News

    Three OTA Half-Year Reports: Growth Logic Shifts as Ctrip Bets on International, Tongcheng Acquires…

    In the first half of this year, listed Chinese OTAs continued to grow overall, but the growth logic is changing. Ctrip's net revenue was RMB 31.871 billion, up 11.15% year on year, while net profit attributable to shareholders fell to RMB 4.1 million due to an antitrust penalty. Tongcheng Travel's revenue was RMB 9.993 billion, up 10.5%, with net profit of RMB 1.411 billion, up 7.67%. Tuniu's net revenue was about RMB 272 million, up 7.58%, but profitability came under pressure. Ctrip is betting on international business, with inbound tourism orders up 95% year on year in H1 and international platform revenue growth exceeding 50% in Q2. Tongcheng Travel expanded into hotel management and hi…

Sep 16Wed
  1. Pinchain Tourism

    China Regulators Issue Administrative Guidance to Online Hotel Booking Platforms

    China's State Administration for Market Regulation, together with the Ministry of Culture and Tourism, held an administrative guidance meeting for the online hotel booking platform sector, requiring platforms including Meituan, Douyin, JD.com, Trip.com, Tongcheng and Fliggy to strictly fulfill compliance responsibilities and prevent competitive risks. Platforms were told to comply with the Anti-Monopoly Law, Anti-Unfair Competition Law, E-Commerce Law and Tourism Law, learn from cases, self-inspect, and guard against exclusive cooperation and 'lowest price across the internet' practices and other involution-style competition risks.

  2. Pinchain Tourism

    Trip.com Group Posts RMB 2.4 Billion Q2 Net Loss as Inbound Travel Grows

    Trip.com Group reported second-quarter 2026 net revenue of RMB 15.7 billion, up 6% year-on-year, with adjusted EBITDA of RMB 4.6 billion, down from RMB 4.9 billion a year earlier. A roughly RMB 5.2 billion one-time antitrust charge from the State Administration for Market Regulation led to a net loss of RMB 2.4 billion; excluding the penalty, net profit was RMB 2.7 billion. By segment, accommodation booking revenue was RMB 6.6 billion, up 6%; transportation ticketing revenue was RMB 5.4 billion, down 1%; packaged tours revenue was RMB 1.2 billion, up 8%; and corporate travel management revenue was RMB 771 million, up 11%. Inbound travel revenue continued high double-digit year-on-year growt…

  3. TravelDaily China

    Trip.com Group Q2 Revenue RMB 15.7B, Antitrust Fine Drives RMB 2.4B Net Loss

    Trip.com Group reported unaudited Q2 2026 results: net revenue of RMB 15.7 billion, up 6% year on year but down 3% quarter on quarter; international platform revenue grew over 50% year on year, and inbound travel revenue rose at a high double-digit rate. A RMB 5.2 billion SAMR antitrust penalty pushed general and administrative expenses up 477% year on year to RMB 6.3 billion, producing a net loss of RMB 2.4 billion versus net income of RMB 4.9 billion a year earlier; excluding the penalty, net income was RMB 2.7 billion. Corporate travel management revenue reached RMB 771 million, up 11% year on year and 12% quarter on quarter.

Sep 15Tue
  1. China Tourism News

    SAMR and Ministry of Culture and Tourism Hold Administrative Guidance Meeting for Online Hotel Book…

    On Sept 15, China's State Administration for Market Regulation (SAMR), together with the Ministry of Culture and Tourism, held an administrative guidance meeting for the online hotel booking platform services industry, directing platform companies to fulfill compliance responsibilities and prevent and resolve industry competition risks. The meeting required platforms to strictly comply with the Anti-Monopoly Law, Anti-Unfair Competition Law, E-Commerce Law and Tourism Law, learn from cases, self-inspect, and guard against exclusive cooperation, 'lowest price across the entire internet' and other 'involution' issues and competition risks, and to build long-term compliance mechanisms. Heads o…

Sep 3Thu
  1. European Commission Press Corner

    Commission Adopts EU Guidelines on Exclusionary Abuses of Dominance

    The European Commission adopted Guidelines on the application of Article 102 TFEU to exclusionary abuses, replacing the 2008 Guidance. The Guidelines are based on EU Courts' case law and provide a modern and economically sound framework, covering predatory pricing, margin squeeze, exclusive dealing, and refusal to supply, aiming to enhance legal certainty and increase enforcement consistency.

Aug 12Wed
  1. TripVivid

    Ctrip Issues Mid-Year Bonuses at 95% Amid Antitrust Penalty

    On August 10, Ctrip officially issued mid-year performance bonuses, with all business lines paying 95% of the benchmark tier. For flight business, benchmark tiers are A: 2.5 months, B: 2 months, C: 1-1.5 months. On July 25, Ctrip was fined a total of 5.179 billion yuan by the State Administration for Market Regulation for monopolistic practices, setting a record for antitrust penalties in the industry. Ctrip responded that operations are normal and complete rectification measures have been formed.

Aug 6Thu
  1. PhocusWire All News

    Trivago ramps internal AI spend fivefold

    Trivago spent more than five times as much on internal AI tooling and tokens in the first seven months of 2026 as in all of 2025. CEO Johannes Thomas said 93% of employees use AI daily, up from 63% last year. Q2 revenue grew 21% to €168.4 million, with adjusted EBITDA turning positive at €1.1 million. Trivago also filed an antitrust suit against Google, alleging self-preferencing, and noted the EU fined Google €890 million.

Jul 28Tue
  1. PhocusWire All News

    Trip.com Group hit with $763M penalty from Chinese regulators

    China's State Administration for Market Regulation (SAMR) has fined Trip.com Group for monopolization, according to a Form 6-K filed with the SEC. The SAMR found Trip.com violated Articles 22(4) and 22(5) of China's Anti-Monopoly Law, involving exclusive deals and unreasonable transaction terms. The penalty includes refunding $18 million in hotel order security deposits, confiscating $244.4 million in gains, and a fine of $518.9 million, representing 7.5% of its 2025 sales in China. Trip.com Group accepted the decision and plans to implement the requirements.

May 7Thu
  1. PhocusWire All News

    Trivago Files Antitrust Suit Against Google

    Trivago has filed an antitrust suit against Google, alleging that Google systematically favors its own hotel metasearch over competitors, harming competition. The suit is based on EU antitrust provisions and German competition law, seeking full compensation. Trivago also reported Q1 2026 results: revenue increased 15% YoY to €142.9 million, but net loss was €7.3 million.