China's State Administration for Market Regulation imposed fines and confiscations totaling approximately 5.18–5.2 billion yuan (around $770–992 million) against Trip.com Group on July 25 for monopolistic practices in online hotel booking. The enforcement action reflects China's continued regulation of tech-sector anticompetitive behavior.
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China fines Trip.com $770 million over online hotel-booking monopoly Reuters
China’s State Administration for Market Regulation said on Saturday, July 25, that it imposed fines and confiscations totaling about 5.18 billion yuan to 5.2 billion yuan, or roughly $765 million to $770 million, on Trip.com Group for abusing its dominant position in China’s online hotel-booking market [thenextweb.com#1][techmeme.com#1][brecorder.com#1][malaymail.com#1][scmp.com#1][cna.com.tw#1].