China fines Trip.com $765 million for abusing its dominance in hotel bookings
TL;DR China fines Trip.com $765 million for forcing hotel partners into exclusive deals and controlling their pricing China’s market regulator fined Trip.com Group $765 million on Saturday after concluding that the country’s largest online travel platform abused its dominant market position. The State Administration for Market Regulation said Trip.com used its traffic allocation algorithms, platform…