A dedicated investigation by China's State Administration for Market Regulation into Trip.com Group Limited (NASDAQ: TCOM) began in January of this year. Following a six-month period, the case, widely regarded as the first major antitrust case in the platform economy for 2026, has reached a conclusion.

On July 25th, the State Administration for Market Regulation legally issued an administrative penalty against Trip.com Group Limited (NASDAQ: TCOM) for abusing its dominant market position to engage in monopolistic behavior. The total fines and confiscations amount to 5.179 billion yuan.

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Editor: Shi Xiuzhen