China's market regulator has fined and confiscated a total of 5.2 billion yuan (US$765 million) from Trip.com Group for abusing its dominant position in the domestic online hotel-booking market.

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…

BEIJING, July 25 — China’s market regulator said Saturday it had fined and confiscated 5.18 billion yuan (US$765 million; RM3.13 billion) from the country’s largest online...