Switch language한국어
Back to the list

Ctrip hit with $760 million antitrust fine over market dominance abuse

TL;DR AI

Key summary

2 min read
  1. China’s market regulator fined Ctrip Group RMB 5.179 billion ($760 million) for abusing its dominant market position.

  2. The penalty includes both fines and confiscated gains under China’s Anti-Monopoly Law.

  3. Ctrip said it accepts the decision and will implement the required corrective measures.

  4. The case underscores stricter antitrust enforcement against major platform companies in China.

Read the original