Trip.com shares plunge as China opens antitrust probe into company

    Signage at the Trip.com Group Ltd. headquarters building in Shanghai, China, on Monday, Aug. 28, 2023.  Bloomberg | Bloomberg | Getty Images Shares of Chinese online travel services provider Trip.com plunged nearly 22% in Hong Kong on Thursday after Beijing opened an antitrust probe into the company, making it the worst performer in the Hang…

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      Trip.com shares crash 22% in Hong Kong after antitrust probe

      Hong ‍Kong-listed shares of Trip.com, a Chinese online travel agency, tumbled in early trading on ⁠Thursday after regulators opened an antitrust investigation into the company. The company is suspected of abusing its dominant market position, the State Administration for Market Regulation ‌said in a ‌statement on Wednesday, without elaborating on the allegations. The investigation is…

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