NasdaqGS:TCOMHospitality
Trip.com Group (NasdaqGS:TCOM) Faces 5.2b Yuan Antitrust Fine Over Hotel Booking Practices
China's market regulator has imposed a major antitrust fine on Trip.com Group (NasdaqGS:TCOM) related to hotel booking practices.
Authorities found the company used exclusive arrangements and technical measures that allegedly restricted competition in online hotel distribution.
The decision includes corrective requirements aimed at changing how Trip.com Group works with hotel partners and manages platform access.
Trip.com Group is a leading online travel services provider, with hotel...