China’s Trip.com faces revenue slowdown, warns of ‘significant fine’ from antitrust probe (opens original article in a new tab)

Trip.com, China's largest online travel agency, reports slower revenue growth and warns of potential significant fines from an ongoing antitrust investigation.

• Trip.com expects second-quarter revenue growth of 3-8%, the slowest since late 2022.
• Antitrust probe by China's State Administration for Market Regulation may result in significant fine or financial penalties.
• First-quarter revenue rose 17% to 16.2 billion yuan, but profit dropped 42% to 2.5 billion yuan.