智通财经APP讯，携程集团-S(09961)发布公告，公司收到国家市场监督管理总局(市监总局)发出的调查 通知书。根据该通知书，市监总局已根据中华人民共和国反垄断法开始对公司进行调查。公司将积极配 合有关调查。目前本公司业务一切正常。 ...

据市场监管总局2026年1月14日消息，近日，市场监管总局根据前期核查，依据《中华人民共和国反垄 断法》，对携程集团有限公司涉嫌滥用市场支配地位实施垄断行为立案调查。 智通财经2025年6月报道，携程"调价助手"被指扰乱市场定价、打乱酒店经营节奏一事引发热议。郑州 多位酒店商家向智通财经投诉称，他们在携程上架的酒店房间价格被携程私自修改，携程要求酒店商户 开通名为"调价助手"的改价工具，该功能通过后台系统自动扫描竞品平台价格，会自动强制修改并下调 酒店的房间定价，并且不经商家允许修改商家的活动折扣。明明显示申请取消了该功能，但总是又悄悄 上线。 智通财经曾以酒店管理者身份致电携程服务热线电话，客服称调价是因平台需比对价格避免客户流失。 客服还承认，若系统核查到其他平台价格低于携程，也会因合同要求价格一致而自动追价。 湖南金州律师事务所高级合伙人、律师邢鑫表示，商家如无法根据自身经营状况和市场情况自主决定价 格和活动方案，可能导致其利润受损。若平台被认定构成滥用市场支配地位，可能面临行政处罚。"需 要明确的是，技术或算法设置不能成为免责理由。"邢鑫说。 智通财经记者 常益 吴琪 2026年1月14日，"携程黑板 ...

Core Viewpoint - Ctrip has risen from the 15th position in 2021 to the 7th position in 2025 among internet companies, becoming one of the most profitable internet companies in China [1][5]. Group 1: Regulatory Investigation - On January 14, 2026, the State Administration for Market Regulation initiated an antitrust investigation against Ctrip for suspected abuse of market dominance, which has sparked significant reactions from consumers and industry insiders [1][2]. - The investigation has drawn parallels to previous cases involving Alibaba and Meituan, which faced substantial fines of 18.228 billion yuan and 3.442 billion yuan respectively, suggesting that Ctrip may also face similar penalties [1]. - Ctrip's stock price fell by 6.49% on the day of the announcement, reflecting market concerns over the potential impact of the investigation [1]. Group 2: Market Position and Financial Performance - Ctrip has established itself as a dominant player in the online travel market, holding over 56% of the transaction volume in China by the end of 2025, alongside its subsidiary Qunar [6]. - The company reported a net profit of 19.9 billion yuan in the third quarter of 2025, translating to a daily profit of approximately 216 million yuan, with a net profit margin of 32% [5]. - Ctrip's cumulative net profit for the first three quarters of 2025 reached 29 billion yuan, significantly surpassing the combined net profits of various segments in the A-share tourism sector [5]. Group 3: Industry Dynamics and Challenges - Many merchants in the travel industry have expressed frustration with Ctrip's market dominance, often feeling compelled to pay "traffic taxes" to maintain visibility on the platform [2][3]. - Ctrip's commission rates for merchants range from 12% to 15%, with additional promotional costs potentially raising the total to 20%-30%, which has led to significant profit pressure on these businesses [2]. - Despite attempts by new entrants like JD.com to disrupt the market, industry experts believe that Ctrip's established position makes it difficult for competitors to gain significant market share [6][7].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 来源：评论员毕舸 据央视新闻1月14日报道，国家市场监管总局出手，依据《反垄断法》，对携程涉嫌滥用市场支配地位 一事，正式立案调查。 一场蓄力已久的监管风暴，终于降临在占据中国在线旅游市场56%交易份额的绝对王者头上。 *** 此番通报，意味极深。 如果说，国内互联网领域最赚钱的公司TOP5，携程必然位列其中。 在OTA的江山，"携老大"数据上看何其稳固：2024年其市场份额高达56%，2025年营收628.5亿元，净利 润更是激增近两倍至386.7亿元，毛利率长期超过80%。 然而，惊人的财务表现背后，是市场支配地位的极致化运用。 经济学中"支配地位"本身并非原罪，熊彼特曾言"创造性破坏"是资本主义的本质。 但问题核心在于，这种"创造"是源于技术创新与服务提升，还是源于对渠道的垄断性控制与对交易对手 的强制性压榨？ 立案调查，正是在严厉叩问后者。 消息传来，在线旅游市场震动。 *** 携程近年风波，可谓步步惊心。 其争议早已超越普通消费纠纷 【下载黑猫投诉客户端】，深入平台与商家关系的核心地带。 最具代表性的即是"调价助手"工具。 这 ...

Trip.com Group Limited 香港交易及結算所有限公司及香港聯合交易所有限公司（「香港聯交所」）對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不會就本公告全部或任何部分內容而產生或因倚賴該等內容而引致的任 何損失承擔任何責任。 本公司收到國家市場監督管理總局（「市監總局」）發出的調查通知書。根據該通知書，市 監總局已根據中華人民共和國反壟斷法開始對本公司進行調查。本公司將積極配合有 關調查。目前本公司業務一切正常。 攜程集團有限公司 （於開曼群島註冊成立的有限公司） （股份代號：9961） 自願公告 本公告乃由攜程集團有限公司（「本公司」）自願作出。 承董事會命 攜程集團有限公司 董事會執行主席 梁建章 新加坡，2026年1月14日 於本公告日期，本公司董事會包括董事梁建章先生、范敏先生、孫潔女士及羅戎先生以及獨立董事沈南鵬先生、 季琦先生、李基培先生及甘劍平先生。 ...

对此，"携程黑板报"微信公众号发布公告回应称，近日，携程接到国家市场监管总局通知，依法对携程 涉嫌垄断行为进行立案调查。公司将积极配合监管部门调查，全面落实监管要求，与行业各方携手共建 可持续发展的市场环境。目前，公司各项业务均正常运行，将一如既往地为广大用户和合作伙伴提供优 质的服务。 1月14日，市场监管总局发文指出，近日，市场监管总局根据前期核查，依据《中华人民共和国反垄断 法》，对携程集团有限公司(09661)涉嫌滥用市场支配地位实施垄断行为立案调查。 ...

Group 1 - The operator of Ctrip Blackboard is Ctrip Travel Network Technology (Shanghai) Co., Ltd., which is responsible for publishing official news reports and conveying the latest information about Ctrip [3]

1月14日，"携程黑板报"微信公众号发布公告： 近日，携程接到国家市场监管总局通知，依法对携程涉嫌垄断行为进行立案调查。公司将积极配合监管部门调查，全面落实监管要求，与行业各方携手共 建可持续发展的市场环境。目前，公司各项业务均正常运行，将一如既往地为广大用户和合作伙伴提供优质的服务。 N # 啊 _ | ■ i 关注" 新华网财经 "视频号 更多财经资讯等你来看 往期推荐 卖爆了！山姆499元羽绒服，多地门店已断货 闫学晶，又一代言被终止 来源：新京报 ...

Group 1: Company Performance - Gelteq Ltd (NASDAQ:GELS) shares rose sharply by 50.1% to $1.25 in pre-market trading after reporting positive preclinical results for its cannabinoid oral gel delivery platform [1][2] - The proprietary oral gel platform achieved a greater than 22% increase in the bioavailability of cannabidiol compared to an existing FDA-approved oil-based product [1] Group 2: Other Notable Stock Movements - Inspire Veterinary Partners Inc (NASDAQ:IVP) gained 141.3% to $0.056 after filing a Certificate of Amendment to increase its authorized Class A common stock from 100 million to 700 million shares [5] - Oriental Culture Holding Ltd (NASDAQ:OCG) rose 40.8% to $0.016 following the board's approval of a special cash dividend of 5 cents per share [5] - XCF Global Inc (NASDAQ:SAFX) gained 30.2% to $0.22 after announcing expansion financing plans [5] - AiRWA Inc (NASDAQ:YYAI) rose 15.8% to $1.46 after a director purchased 1.109 million shares at an average price of $1.35 per share [5] - Autolus Therapeutics PLC (NASDAQ:AUTL) gained 7.3% to $1.47 after announcing preliminary fourth-quarter and FY25 revenue results [5] Group 3: Declining Stocks - Briacell Therapeutics Corp (NASDAQ:BCTX) fell 53.1% to $5.12 after announcing the pricing of a $30 million public offering [5] - Moolec Science SA (NASDAQ:MLEC) fell 19.8% to $3.94 after a previous jump of 19% [5] - Hub Cyber Security Ltd (NASDAQ:HUBC) fell 19.1% to $0.43 after gaining 56% on the previous day [5] - Trip.com Group Ltd (NASDAQ:TCOM) dipped 9.3% to $68.55 amid an investigation by China's SAMR for potential anti-monopoly violations [5]

Core Viewpoint - The National Market Supervision Administration of China has initiated an antitrust investigation against Trip.com Group Limited for alleged abuse of market dominance and monopolistic practices [1] Group 1: Company Overview - Trip.com Group Limited is a leading one-stop travel platform globally, operating brands such as Trip.com, Ctrip, Skyscanner, and Qunar [1] - The company was listed on the NASDAQ in 2003 and subsequently on the Hong Kong Stock Exchange in 2021 [1] Group 2: Allegations and Complaints - The Yunnan Province Tourism Homestay Industry Association has reported multiple complaints from its members regarding Trip.com and other online travel agencies (OTAs) using their market dominance to impose unfair practices [1] - Allegations include the implementation of "pick one from two" clauses, arbitrary commission increases, unfair trading conditions, and traffic blocking [1] Group 3: Regulatory Actions - In August 2025, the Guizhou Provincial Market Supervision Administration held discussions with Trip.com and four other travel platform companies regarding potential issues such as "pick one from two," interference with merchant pricing through technology, contract breaches, price fraud, and price gouging [1]