Overview
- China’s State Administration for Market Regulation notified Trip.com that it has begun an investigation under the Anti-Monopoly Law.
- The regulator said the company is suspected of abusing a dominant market position, without detailing specific allegations.
- Trip.com said it will cooperate with the inquiry and reported that business operations remain normal.
- Trip.com’s shares fell about 16% in U.S. trading following the announcement.
- Prior complaints from a Yunnan homestay industry group alleged coercive contract terms, commission hikes and traffic blocking by major online travel agencies, including Trip.com.