Analysts expect 4 to 6 months of investigation based on previous cases like Alibaba and Meituan.  Also potential fines of 3 to 4% of annual revenue.

There is also possible rectification of pricing tools, which could reduce monetisation rates and advertising revenue.

That is why the stock sold off sharply.

At the same time , the Spring Festival travel peak has begun.
This is the single most important seasonal catalyst for China's travel industry.

Trip.com has the largest market share and would certainly benefit from this catalyst.

Despite the probe, it is business as usual for Trip.com.

Will the stock rebound?

I believe it will in the long term.  Patience is required.  For now, it is bargain hunting time.

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