-
China penalises Trip.com with US$770 million fine for online hotel-booking monopoly
China's market regulator said on Saturday (Jul 25), it had fined and confiscated a total of 5.2 billion yuan (US$770 million) from Trip.com Group for abusing its dominant position in the domestic online hotel-booking market. Trip.com, China's largest online travel platform, used traffic-allocation mechanisms, platform rules and technical measures to strike exclusive deals with some hotels as it sought to offer the lowest prices, the regulator said. The State Administration for Market Regulation (SAMR) confiscated 1.66 billion yuan in illegal gains and imposed a fine of 3.52 billion yuan. Trip.com, owner of ... (full story)
- Comments / Top
- Subscribe
saine
11 hr ago
Permalink
-
Related Stories
BREAKING: Pakistan and Iran explore a path towards new talks with the US in a China- initiated push - Sources. Pakistan is considering resuming stalled US-Iran talks to end their nearly five-month-old war, according to three Pakistani sources, following a push by China. Exploratory discussions took place during Iran's Interior Minister Eskandar Momeni's visit to Islamabad this week, his second in the last ten days, according to sources.
From nypost.com | Jul 24, 2026
Researchers in the United Kingdom believe theyve finally identified a shipwreck off Englands southern coast a discovery three decades in the making. The identification was announced in June by Bournemouth University and centers on a shipwreck discovered near Salcombe, Devon, in 1995. At the time, divers recovered more than 400 Moroccan gold coins but ...