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On July 25, 2026, the State Administration for Market Regulation (SAMR) of China issued an administrative penalty…
TRPCFTrip.com Group Ltd
On July 25, 2026, the State Administration for Market Regulation (SAMR) of China issued an administrative penalty decision against Trip.com Group Limited for violating the Anti-Monopoly Law. The SAMR found the company violated Article 22(4) and (5) by imposing unreasonable transaction terms and using exclusive arrangements to restrict business counterparties. Consequently, the company must refund RMB122 million (US$18.0 million) in hotel order security deposits, forfeit RMB1,658 million (US$244.4 million) in illegal gains, and pay a fine of RMB3,521 million (US$518.9 million). This fine represents 7.5% of the company's 2025 sales revenue in China. Trip.com Group Limited operates in the travel industry as an online travel agency.