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الاقتصادية
China's top travel firm fined $770M
The Chinese Market Regulatory Authority has imposed a fine of $770 million on Ttrip.com, China's largest online travel platform, for its dominant practices in the hotel booking market. Investigations lasting six months revealed that the company violated antitrust laws by imposing exploitative conditions on hotels, such as controlling commission rates and significantly influencing hotel prices. Ttrip.com holds over half of China's booking market and generated substantial revenues exceeding one trillion yuan in 2025, with a 17% increase last year to 62.5 billion yuan. This penalty follows repeated illegal practices by the company, including preferential and exploitative terms for hotels. It is the largest fine the company has received in over a decade and underscores its strong influence in the local market.
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