China Opens Antitrust Probe Into Trip.com
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Trip.com Group Limited (NASDAQ: TCOM) is under investigation by China's State Administration for Market Regulation (SAMR) for potential antitrust violations. The company received the notice on Tuesday and plans to cooperate fully with the inquiry. Following the news, TCOM stock fell 16.11% to $63.49 in premarket trading. Despite the investigation, Trip.com stated that its operations remain normal and it does not anticipate an immediate impact on its services. The company operates a global travel platform, including brands like Trip.com, Ctrip, and Skyscanner.
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