Trip.com Group Shares Surge Over 7% Then Narrow to 4.85% After Antitrust Fine
Trip. com Group's HK-listed shares hit an intraday high of 7.5% before narrowing to 4.85% after the company was fined 5.179 billion yuan for antitrust violations. The company accepted the penalty and announced 19 rectification measures. For the first quarter of 2026, revenue rose 17% year-on-year to 16.2 billion yuan, while inbound travel bookings surged 90% on the back of visa-free policies and summer travel demand.
On July 27, Trip. com Group's Hong Kong-listed shares opened higher, rising by as much as 7.5% before paring gains to 4.85%. The move came after the State Administration for Market Regulation imposed an antitrust penalty on the company, confiscating and fining it 5.179 billion yuan. Trip. com Group publicly accepted the penalty and announced 19 rectification measures, including ending exclusive cooperation agreements and cancelling unreasonable 'lowest price across all platforms' requirements. In the first quarter of 2026, the company's revenue reached 16.2 billion yuan, up 17% year-on-year. Inbound travel bookings surged 90% compared with the same period last year, driven by the benefits of visa-free policies and the summer tourism peak season, as travel demand was steadily released.