According to news on July 25, this morning, CCTV News issued an article that the State Administration for Market Regulation imposed administrative penalties on Ctrip Group Co., Ltd. (hereinafter referred to as Ctrip) for abusing its market dominance to implement monopoly behavior in accordance with the law, with a total fine of 5.179 billion yuan.
Subsequently, Ctrip quickly issued an announcement, saying that it would take this punishment as an opportunity to conduct in-depth reflection and self-innovation, resolutely abandon "involution" and inefficient competition, and unswervingly pursue the path of high-quality development.
Just now, Ctrip issued another announcement announcing 19 rectification measures.
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