Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People's Republic of China

China's market regulator has fined online travel platform Trip.com Group 5.18 billion yuan ($720 million) for abusing its dominant position in the country's online hotel booking…

The country’s biggest online travel services provider is accused of abusing its ‘dominant market position’.

SAMR also ordered Trip.com to refund booking deposits of 122 million yuan that it said the company had withheld from hotel operators. The practices harmed competition and…