China hits travel giant Trip.com with US$765mil penalty
Trip.com operates train, flight and hotel bookings within China and internationally. BEIJING: China’s market regulator said Saturday it had fined and confiscated 5.18 billion yuan (US$765 million) from the country’s largest online travel provider Trip.com Group for violating monopoly laws. Beijing has previously taken tough regulatory action on major internet companies over monopoly charges, notably…
