China's State Administration for Market Regulation has fined Trip.com Group approximately $765 million for monopolistic practices. The online travel giant, which operates Ctrip and Skyscanner, was found to have abused its dominant market position since 2020 by restricting competition through exclusive partnerships with hotels and dictating pricing. Trip.com has accepted the penalties, which include confiscated illegal gains and a requirement to refund withheld funds to hotel operators. AI
RANK_REASON Regulatory action against a major company in a key industry. [lever_c_demoted from significant: ic=1 ai=0.1]
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