{"id":4354,"date":"2026-07-27T19:44:41","date_gmt":"2026-07-27T19:44:41","guid":{"rendered":"https:\/\/crosscountrymovingteams.com\/?p=4354"},"modified":"2026-07-27T19:44:41","modified_gmt":"2026-07-27T19:44:41","slug":"trip-com-struck-with-765-million-penalty-from-china-over-monopoly-allegations","status":"publish","type":"post","link":"https:\/\/crosscountrymovingteams.com\/?p=4354","title":{"rendered":"Trip.com struck with $765 million penalty from China over monopoly allegations"},"content":{"rendered":"<div>\n<p>Trip.com, which runs Ctrip and Skyscanner among other brands, was said to be restricting market competition through means such as entering into exclusive partnerships with some hotels and offering prioritized traffic allocation to them, China\u2019s State Administration for Market Regulation said in a statement.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4352\">What Magic: The Gathering\u2019s record year reveals about America\u2019s stalled adulthood economy<\/a><\/p>\n<p>It prohibited some hotels from collaborating with competing platforms, the regulator added, and had also demanded some hotel operators who were operating on multiple platforms to ensure the rates for their platform were the lowest available online.<\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<p>The regulator said Trip.com had been abusing its dominant market position in the\u00a0sector\u00a0since as early as 2020.<\/p>\n<p>The regulator, which started its investigation against Trip.com in January, said it had confiscated \u201cillegal gains\u201d of more than 1.6 billion yuan ($245 million) from the group and had imposed a fine of over 3.5 billion yuan ($520 million).<\/p>\n<p>The company was also asked to refund about 122 million yuan ($18 million) which it was withholding from hotel operators.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4350\">Canadian intern at NATO\u2019s military headquarters arrested on espionage charges<\/a><\/p>\n<p>Trip.com\u2019s behavior had \u201celiminated and restricted market competition, constrained hotel operators from conducting cross-platform business, infringed upon hotel operators\u2019 right to set their own prices and harmed consumer interests,\u201d the regulator\u2019s statement said.<\/p>\n<div>\n<div><\/div>\n<\/div>\n<p>Trip.com acknowledged the decision in a statement Saturday, adding that it \u201csincerely accepts and will resolutely comply\u201d with the penalties.<\/p>\n<p>\u201c(We will) systematically implement the rectification measures item-by-item and ensure their full execution,\u201d the group said.<\/p>\n<p>Read more <a href=\"https:\/\/crosscountrymovingteams.com\/?p=4348\">A trove of users\u2019 seemingly private conversations with Anthropic\u2019s Claude AI chatbot showed up in Google search results<\/a><\/p>\n<div>\n<div>\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>China alleges Trip.com prohibited hotels from collaborating with competing platforms and entered exclusive partnerships.<\/p>\n","protected":false},"author":1,"featured_media":4353,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[114],"tags":[],"class_list":["post-4354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-china"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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