China opens antitrust probe into Trip.com, sending shares skidding
China’s State Administration for Market Regulation opened an antitrust probe into Trip.com for suspected abuse of its dominant market position; Trip.com said it would cooperate and that its operations are normal, but the stock plunged nearly 22% in Hong Kong, the worst performer on the Hang Seng; the case underscores regulatory risk in China’s online travel sector even as tourism rebounds.