China’s market regulator said on Saturday it had fined and confiscated a total of 5.2 billion yuan ($770 million) from Trip.com Group for abusing its

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…