Stock Track | Trip.com Group Plunges 6.01% Amid Regulatory Scrutiny and Antitrust Probe

Stock Track02-12

Trip.com Group Limited (TCOM) saw its shares tumble 6.01% in a 24-hour plunge during Thursday's trading session, marking a significant downturn for the travel platform.

The sell-off appears driven by escalating regulatory concerns. Recently, Beijing market regulators held a meeting with Trip.com and other major online train ticket sales platforms to address consumer complaints over misleading promotional practices. Furthermore, last month, China's State Administration for Market Regulation launched an antitrust investigation into Trip.com for suspected abuse of market dominance, a probe the company has stated it will fully cooperate with.

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