PhocusWire All News·· 2026-07-28
Trip.com Group Fined $763M by Chinese Regulators
Trip.com Group hit with $763M penalty from Chinese regulators | PhocusWire
AI Overview
China's State Administration for Market Regulation (SAMR) fined Trip.com Group for monopolization, totaling approximately $763 million. The investigation found Trip.com violated antitrust laws by implementing traffic-allocation mechanisms, technical measures, and platform rules to create exclusive deals with certain hotels for the lowest prices. Penalties include refunding $18 million in hotel order security deposits, confiscating $244.4 million in gains, and a fine of $518.9 million.
Source:PhocusWire All News · phocuswire.com