The Trip.com Group said on Saturday that it would end exclusive hotel arrangements and demands that merchants offer the lowest available prices online after regulators in China imposed penalties of 5.18 billion yuan ($770 million) for monopolistic practices.

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’.