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China fines Trip.com $765 million for forcing hotels into exclusive deals and controlling their prices

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China fines Trip.com $765 million for forcing hotel partners into exclusive deals and controlling their pricing

China’s market regulator fined Trip.com Group $765 million on Saturday after concluding that the country’s largest online travel platform abused its dominant market position. The State Administration for Market Regulation said Trip.com used its traffic allocation algorithms, platform rules and technology to restrict hotel operators from listing on competing services and to control the prices they could charge. The penalty, totaling roughly five billion yuan, includes confiscated gains, a separate fine and an order to refund hotel security deposits.

SAMR launched the investigation in January after receiving complaints that Trip.com was forcing hotel partners into exclusive arrangements and demanding they offer their lowest online rates only on its platform. The regulator found the company had engaged in these practices since 2020, leveraging its control of about 56 percent of China’s online travel market...

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Save Hundreds When You Preorder Samsung's Brand-New Galaxy Foldablen Phones - CNET

Samsung announced the newest Galaxy Z Flip and Fold phones at the Samsung Unpacked event just a few short days ago. And best of all, it’s already available to preorder. Eager foldable fans will be the first to score significant savings across some of the biggest retailers in the

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Experts claim to have found more weaknesses in Apple's Gatekeeper tool — but it doesn't seem too…

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Warner Bros. is suing Amazon for poaching employees

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Microsoft is using TPM chips to crack down on pirated Windows activations

Serving tech enthusiasts for over 25 years. TechSpot means tech analysis and advice you can trust. A hot potato: After introducing Windows 11, Microsoft forced the entire PC ecosystem to turn the Trusted Platform Module (TPM) into a standard component for every new motherboard or CPU. Now, Redmond is exploiting

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Save Hundreds When You Preorder Samsung's Brand-New Galaxy Foldablen Phones - CNET

Experts claim to have found more weaknesses in Apple's Gatekeeper tool &mdash; but it doesn't seem too…

Warner Bros. is suing Amazon for poaching employees

Microsoft is using TPM chips to crack down on pirated Windows activations

Experts claim to have found more weaknesses in Apple's Gatekeeper tool — but it doesn't seem too…