China fines Trip.com nearly USD 1bn over hotel booking monopoly


Dhaka: China has imposed
a CNY 5.2 billion (USD 992 million) penalty on Trip.com Group after finding the
online travel giant abused its dominant position in the country's hotel booking
market through anti-competitive practices.
The State Administration
for Market Regulation (SAMR) said the penalty includes CNY 3.52 billion in
fines and the confiscation of CNY 1.66 billion in illegal gains. The regulator
also ordered Trip.com to refund CNY 122 million in booking deposits withheld
from hotel operators.
According to the
antitrust watchdog, Trip.com used platform rules, traffic allocation mechanisms
and technical measures to secure exclusive partnerships with hotels, limiting
their ability to list rooms on competing platforms or independently set prices.
Authorities said the practices harmed market competition and reduced consumer
choice.
The investigation began
in January following complaints from hotel operators alleging unfair contract
terms and pricing restrictions.
In a statement, Trip.com
said it accepted the regulator's decision and pledged to fully implement all
required corrective measures to strengthen compliance.
The enforcement action
comes as Beijing continues its broader crackdown on anti-competitive behavior
among major internet platforms. Chinese authorities have intensified scrutiny
of dominant technology companies in recent years, arguing that unfair
competition and aggressive pricing practices have distorted markets and placed
pressure on businesses.


