Trip.com struck with $765 million penalty from China over monopoly allegations

China said on Saturday it had imposed penalties of nearly 5.2 billion yuan ($765 million) on Trip.com Group, which operates the country’s largest online travel platform, over claims of monopolistic conduct.

Trip.com, which runs Ctrip and Skyscanner among other brands, was said to be restricting market competition through means such as entering into exclusive partnerships with some hotels and offering prioritized traffic allocation to them, China’s State Administration for Market Regulation said in a statement.

It prohibited........

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