China fines Trip.com $770 million over online hotel-booking monopoly
25/07/2026 03:11
China fines Trip.com $770 million over online hotel-booking monopoly BEIJING, July 25 (Reuters) - China's market regulator said on Saturday it had fined and confiscated a total of 5.2 billion yuan ($770 million) from Trip.com Group 9961.HK for abusing its dominant market position in the online hotel-booking market, including by requiring some hotels to enter exclusive arrangements with the travel site and offer the lowest prices across all platforms.
($1 = 6.7719 yuan)
(Reporting by Sophie Yu and Casey Hall; Editing by Tom Hogue)
((Sophie.Yu@thomsonreuters.com; 861056692136;))
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