Synopsis SAMR also ordered Trip.com to refund booking deposits of 122 million yuan that it said the company had withheld from hotel operators. The practices harmed competition and consumers by restricting hotels’ ?ability to operate across platforms and set their own prices, the agency said in ?a statement ?on its website. Listen to this article in summarized format China’s market regulator said on Saturday it had fined and confiscated a total of 5.2 billion yuan ($770 million) from Trip.com Group for abusing its dominant position in the domestic online hotel-booking market. Trip.com, China’s largest online travel platform, used ?traffic-allocation mechanisms,…
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