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The Economic Times

Technology

China fines Trip.com $770 million over online hotel-booking monopoly

China SAMR Tripcom

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 for abusing its dominant position in the domestic online hotel-booking market.

Trip.com, China's largest online travel platform, used ‌traffic-allocation mechanisms, ⁠platform ⁠rules and technical measures to strike exclusive deals with some hotels as it sought to offer the lowest prices, the regulator said.

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