China Fines Trip. com Group $992m Over Online Hotel Booking Monopoly China's market regulator has imposed a 5. 2 billion yuan penalty on Trip.
com Group, marking one of the largest antitrust fines ever levied in the country. The fine is equivalent to approximately $992 million and reflects Beijing's determination to rein in the power of its tech giants.
The investigation into Trip. com's alleged abuse of its dominant position in the online hotel booking market revealed a range of tactics used by the company to limit competition and offer "lowest prices.