China Fines Trip.com $765 Million for Market Abuse Over 5.18 Billion Yuan Monopoly Case
Updated
Updated · Bloomberg · Jul 25
China Fines Trip.com $765 Million for Market Abuse Over 5.18 Billion Yuan Monopoly Case
3 articles · Updated · Bloomberg · Jul 25
Summary
$765 million — equal to 5.18 billion yuan — was imposed on Trip.com after Chinese regulators concluded the travel-booking giant abused its dominant market position.
The State Administration for Market Regulation said a months-long probe found Trip.com used traffic-allocation mechanisms, platform rules and technology to carry out monopolistic practices.
Regulators said those practices restricted hotels from operating across rival platforms and interfered with their ability to set prices independently.
Authorities said the conduct harmed consumer interests, extending the case beyond platform competition to pricing power in China’s online travel market.