China Fines Trip.com $700M for Antitrust Violations
China’s State Administration for Market Regulation fined Trip.com Group a combined 5.2 billion yuan, equivalent to about $770 million, according to Reuters reporting detailed by Investing.com. The penalty follows an antitrust investigation launched in January that found the company abused its dominant position in the online hotel-booking market through exclusive agreements and technical measures. How … Read more