China regulator imposes 5.2-bln-yuan penalty on Ctrip for monopoly abuses
Wire desk byline Sourced from Xinhua, Dawn, Arab News, Anadolu and Minute Mirror. Translated and abridged by the GSRRA Desk.
China’s State Administration for Market Regulation said on Saturday that it has imposed administrative penalties on leading online travel platform Ctrip for abusing its dominant market position in violation of the country’s Anti-Monopoly Law.
According to the regulator, the company was ordered to forfeit 1.658 billion yuan (about 244 million U.S. dollars) in illegal gains and pay a 3.521 billion yuan fine, bringing the total penalty to 5.179 billion yuan.
Reference Link:- https://english.news.cn/20260725/a5dcc6c2ffee49ff9692f0603892c391/c.html
Zamir Ahmed Awan is the founder and Chair of the Global Silk Route Research Alliance, a think tank in Islamabad. He studied engineering at Shanghai University in the 1980s, and years later he went back to China as Pakistan's science counsellor in Beijing, from 2010 until 2016, working on science and higher education cooperation between the two countries.…
