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China’s top market regulator, the State Administration for Market Regulation, has announced it is investigating Trip.com Group Ltd., the country’s largest online travel agency, for alleged antitrust violations. The investigation comes amid Beijing’s broader scrutiny of corporate behavior in the technology and internet sectors. Trip.com, formerly known as Ctrip, is a dominant player in China’s travel market and also owns Skyscanner and Trip.com internationally. The company’s stock fell sharply following the news. This action reflects a growing trend of regulators tightening rules on big tech firms to ensure fair competition and curb monopolistic practices.
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