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China hits travel platform Trip.com with $765M in penalties over monopoly abusesChina has fined a major online travel company nearly 5.2 billion yuan for monopolistic practices. The company restricted market competition...- China fines Trip.com $770 million over online hotel-booking monopolySAMR also ordered Trip.com to refund booking deposits of 122 million yuan that it said the company had withheld from hotel operators. The p...
- Naspers exits MakeMyTrip, leaves Ctrip largest stakeholder in portalChinese co will hold 49% in Indian travel operator; Naspers to get 5.6% in Ctrip after share swap.
- China’s Ctrip may put $100 million in ZomatoCtrip has not been among the most active Chinese strategics in India, with a sole investment in online travel agency Make-MyTrip.
- ixigo to get $10-million ticket from SequoiaMarketplace works as a price comparison engine aggregating deals from over 25,000 online & offline providers
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