Beijing, July 25, 2026 (AFP) - China hits travel giant Trip.com with $765 million penalty

NAMPA / AFP

2026-07-25

China's market regulator said Saturday it had fined and confiscated 5.18 billion yuan ($765 million) from the country's largest online travel provider Trip.com Group for violating monopoly laws. Beijing has previously taken tough regulatory action on major internet companies over monopoly charges, notably launching an aggressive crackdown on tech and e-commerce giant Alibaba in late 2020. China's State Administration for Market Regulation (SAMR)......

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