Trip.com Shares Jump 8% After China Ends Antitrust Probe With $765 Million Fine
Trip.com shares rose nearly 8% in Hong Kong trading after Chinese regulators concluded a monthslong antitrust investigation with a $765 million penalty. The company posted its biggest single-day gain in nearly a year as traders welcomed the resolution.
Regulators found that Trip.com, China’s largest travel booking platform, had abused its market dominance. The fine matched market expectations, removing a regulatory overhang that had weighed on the stock despite the substantial penalty.
From the sources (7 posts)
@firstsquawkChina's Market Regulator Imposes 5.2 Billion Yuan Fine on Trip. com Group for Monopoly Abuse
@firstsquawkChina Takes Antitrust Action Against Trip. com With Anti-Monopoly Fine
@reutersChina fines $770 million over online hotel-booking monopoly
@businessChinese regulators fined 5.18 billion yuan ($765 million), concluding that the country’s largest travel booking platform abused its market dominance after a monthslong investigation
@polymarketJUST IN: Trip.com shares surge nearly 8% after China concludes its antitrust investigation with a $765 million penalty.
@businessposted its biggest gain in nearly a year after the outcome of its antitrust investigation largely matched expectations, lifting a key overhang on the stock even as the company was hit with a hefty fine
@watchernewsxJUST IN: 📈 shares surge in Hong Kong after antitrust probe closes with an in-line fine, clearing the regulatory cloud that had been hanging over the stock.