Trip.com Faces Potential US$295-885 Million Fine in China Anti-Monopoly Probe
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Chinese regulator SAMR's anti-monopoly probes into Trip.com for alleged market dominance abuse could conclude as early as Monday, potentially leading to a fine of 2 billion to 6 billion yuan (US$295-885 million) under China's anti-monopoly law.
KI-generierte Zusammenfassung
Warum es wichtig ist
The State Administration for Market Regulation (SAMR) launched probes in January against Trip.com, alleging the company abused its "dominant market position" and engaged in "monopolistic practices."
The probes, launched in January by the State Administration for Market Regulation (SAMR), could be concluded as early as Monday, one of the people said.
The company could face a fine of between 2 billion yuan (US$295 million) and 6 billion yuan, according to two of them. Under China’s anti-monopoly law, violators can be penalised with confiscation of illegal proceeds and fines of up to 10 per cent of the previous year’s sales.
Trip.com did not immediately respond to a request for comment on Monday. The SAMR could not be reached for comment on Monday.
In its January announcement, the SAMR alleged that Trip.com abused its “dominant market position” and engaged in “monopolistic practices”.
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SAMR probes into Trip.com could conclude as early as Monday.
Wahrscheinlich · Innerhalb von Tagen
Trip.com could face a fine of between 2 billion yuan and 6 billion yuan.
Wahrscheinlich · Innerhalb von Wochen
Offene Fragen
- What is the exact conclusion date of the probes?
- What will be the final fine amount?
- How will Trip.com respond to the findings?
