Jan. 14 at 1:33 PM
Trip. com Group disclosed that it is under investigation by China’s market regulator for potential antitrust violations. The company said it received a notice from the State Administration for Market Regulation (SAMR) regarding a probe under China’s Anti-Monopoly Law, adding that it will fully cooperate with the investigation and that its business operations remain normal.
The probe comes amid heightened regulatory scrutiny of China’s technology and platform companies in recent years. Trip. com is a leading player in China’s online travel market, providing services including accommodation bookings, transportation ticketing, packaged tours, and corporate travel management.
$TCOM