[The State Administration for Market Regulation imposes administrative penalties on Trip.com for abusing market dominance, with fines totaling 5.179 billion yuan] According to CCTV News, the State Administration for Market Regulation has lawfully imposed administrative penalties on Trip.com Group Limited (hereinafter referred to as Trip.com) for engaging in monopolistic practices by abusing its market dominance. The total fines and confiscations amount to 5.179 billion yuan. Investigations revealed that since 2020, Trip.com has abused its dominant position in the online hotel booking platform service market within China. Centered around its traffic allocation mechanism, it leveraged platform rules and technical means to implement two types of monopolistic behavior: 1. Requiring "preferred" hotel operators to engage in exclusive cooperation, incentivizing them with maximum traffic allocation and benefit support to induce high transaction volume, high-quality service, and highly attractive hotel operators to choose "preferred" status, while prohibiting them from collaborating with competing platforms.