Caixin Publishes Long Signed Article by James Liang
At 12:58 PM, Caixin published a long signed article by James Liang titled "A Century of Chinese Population History," with the author still identified as the Executive Chairman of Trip.com Group.
At 12:58 PM, Caixin published a long signed article by James Liang titled "A Century of Chinese Population History," with the author still identified as the Executive Chairman of Trip.com Group.
The X account "Luo Xiang" posted a claim that the Ctrip boss tried to flee and was caught.
A post appeared on X claiming that Trip.com boss Liang Jianzhang was caught while crossing the border into Vietnam via a back road from Pingxiang, Guangxi, with his entire family. After verification, this news is false.
People's Daily published guidance opinions, releasing a strong signal of investigating the Ctrip monopoly case and cracking down on antitrust involution, drawing outside attention to the authorities' further rectification of foreign and private enterprises.
China's State Administration for Market Regulation has found that Ctrip abused its dominant position in the hotel booking market, confiscating its illegal gains and imposing a fine totaling approximately 5.179 billion yuan.
The State Administration for Market Regulation determined that Ctrip violated Article 22 of the Anti-Monopoly Law, confiscating illegal gains of 1.658 billion and imposing a fine of 3.521 billion, totaling 5.179 billion in fines and confiscations.
China's market regulator imposed an administrative penalty on Ctrip for monopolistic conduct, ordering it to refund order deposit funds, confiscating its illegal gains and imposing a hefty fine, with total fines and confiscations exceeding 5 billion yuan.