TRIP.COM-S Shares Drop Over 4% Following Regulatory Talks on Train Ticket Sales

Stock News
Feb 12

TRIP.COM-S (09961) saw its shares decline by more than 4%. As of the time of writing, the stock was down 4.39%, trading at HK$426.6, with a turnover of HK$1.8 billion. On the news front, the Beijing Municipal Administration for Market Supervision recently organized an administrative meeting with TRIP.COM and 11 other major platforms involved in online train ticket sales. The meeting focused on addressing prominent issues in online train ticket sales that have drawn public complaints. It is understood that the discussions centered on misleading promotional practices on key platforms, such as "speed-up packages," "dual channels," and "ticket availability monitoring" services. Notably, last month, the State Administration for Market Regulation initiated an investigation into TRIP.COM Group Limited for suspected monopolistic practices involving the abuse of market dominance, based on a preliminary review and in accordance with China's Anti-Monopoly Law. In response, TRIP.COM stated that the company will fully cooperate with the regulatory investigation, comprehensively implement regulatory requirements, and work with industry participants to foster a sustainable market environment. TRIP.COM also emphasized that all of its business operations are currently running normally and that it remains committed to providing high-quality services to its users and partners.

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