Ctrip hit with $760 million antitrust fine over market dominance abuse

On Saturday, China’s State Administration for Market Regulation (SAMR) imposed administrative penalties on Ctrip Group for abusing its dominant market position in violation of the country’s Anti-Monopoly Law. The total fine and confiscated illegal gains amounted to RMB 5.179 billion ($760 million). In a statement released the same day, Ctrip said it had received the administrative penalty decision from SAMR.