China’s Trip.com faces revenue slowdown, warns of ‘significant fine’ from antitrust probe (opens in new tab)

Trip.com Group, China’s largest online travel agency, says it expects second-quarter revenue growth to be the slowest in more than three years and warns of a “significant fine” from an ongoing antitrust probe by the country’s top market regulator. The company reported on Thursday that first-quarter revenue rose 17 per cent to 16.2 billion yuan (US$2.4 billion), but forecast growth of 3 to 8 per cent in the second quarter, the weakest since late 2022. Profit for the March quarter dropped almos...