新浪科技讯 1月14日晚间消息，针对携程集团有限公司涉嫌滥用市场支配地位实施垄断遭市场监管总局 立案调查一事，今日一则流出的截图信息显示，追觅科技创始人俞浩宣称公司对标携程的产品"今天就 推出"，目的在于"让携程不再垄断"。 "那我们成立机票与酒旅事业部吧，响应国家号召。"俞浩表示。 责任编辑：何俊熹 "那我们成立机票与酒旅事业部吧，响应国家号召。"俞浩表示。 责任编辑：何俊熹 新浪科技讯 1月14日晚间消息，针对携程集团有限公司涉嫌滥用市场支配地位实施垄断遭市场监管总局 立案调查一事，今日一则流出的截图信息显示，追觅科技创始人俞浩宣称公司对标携程的产品"今天就 推出"，目的在于"让携程不再垄断"。 ...

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。 ...

Core Viewpoint - The State Administration for Market Regulation has initiated an investigation into Ctrip Group for alleged monopolistic behavior related to its pricing tool, "Price Adjustment Assistant" [1][2]. Group 1: Investigation Details - The investigation is based on allegations that Ctrip has abused its market dominance by unilaterally modifying hotel room prices without merchant consent [1]. - Complaints from hotel operators in Zhengzhou indicate that Ctrip's "Price Adjustment Assistant" automatically lowers prices based on competitor pricing, disrupting market pricing and hotel operations [1][2]. - Ctrip has acknowledged the investigation and stated it will cooperate with regulatory authorities while maintaining normal business operations [1]. Group 2: Legal Implications - Legal experts suggest that if Ctrip is found to have abused its market position, it could face administrative penalties, particularly if merchants are unable to set their own pricing strategies [2]. - The use of technology or algorithms as a defense for such practices may not be accepted in legal proceedings [2].

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].

Core Viewpoint - The National Market Regulatory Administration has initiated an investigation into Ctrip for suspected abuse of market dominance under the Anti-Monopoly Law, signaling a significant regulatory shift in the online travel market where Ctrip holds a 56% market share [1][4][38]. Group 1: Company Overview - Ctrip is among the top five most profitable companies in the domestic internet sector [2]. - In 2024, Ctrip's market share is projected to reach 56%, with revenues of 62.85 billion yuan and a net profit expected to nearly double to 38.67 billion yuan by 2025, maintaining a gross margin above 80% [4][38]. Group 2: Regulatory Concerns - The investigation raises questions about whether Ctrip's market dominance stems from technological innovation and service improvement or from monopolistic control and coercive practices against partners [5][39]. - Ctrip has faced scrutiny for its "price adjustment assistant" tool, which allegedly undermines merchants' pricing autonomy by automatically scanning competitors' prices and enforcing lower hotel rates [8][39]. Group 3: Industry Impact - The collective action from the Yunnan Provincial Tourism Homestay Industry Association against Ctrip highlights significant grievances, including forced "choose one" agreements and unilateral commission increases from 12% to 15-20%, far exceeding the industry average of 8-10% [15][42]. - The ongoing investigation and regulatory actions signal a broader industry issue, indicating that the market's competitive landscape is not solely a Ctrip problem but a systemic issue within the OTA sector [61][64]. Group 4: Future Implications - Potential outcomes for Ctrip include mandatory cessation of identified monopolistic practices, substantial fines based on previous year's revenue, and structural reforms to ensure fair competition [21][51]. - The regulatory focus on Ctrip may compel all OTA platforms to reassess their core business models, shifting from aggressive market control to enhancing service quality and transparency [34][70].

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。 ...

图源：公众号截图 公告显示，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。 据"新华社"1月14日报道，从市场监管总局获悉，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。 今日盘中携程美股股价最高下跌超过9%，截至收盘总计下跌4.15%，报75.68美元/股，总市值493.61亿美元。 2026年1月14日，携程黑板报发布公告回应了关于"涉嫌滥用市场支配地位实施垄断"的立案调查事件。 ...

Core Viewpoint - The article discusses the investigation launched by the State Administration for Market Regulation against Ctrip Group for alleged monopolistic practices, highlighting the ongoing scrutiny of the company within the online travel market [2][6]. Group 1: Investigation and Regulatory Actions - The State Administration for Market Regulation has initiated an investigation into Ctrip Group for suspected abuse of market dominance, marking it as another major internet platform facing antitrust scrutiny [2][6]. - Ctrip has stated it will cooperate with the investigation and continue to provide quality services to users and partners, asserting that its business operations remain normal [2][6]. - The investigation stems from long-term monitoring of the online travel market, with complaints from small businesses and consumers regarding Ctrip's practices, including "forced choice," data manipulation, and exclusive partnerships [6][9]. Group 2: Industry Reactions and Complaints - The Yunnan Provincial Tourism Homestay Association has taken a stand against Ctrip, citing multiple complaints from its members about unfair practices, including "forced choice" clauses and arbitrary commission increases [8][9]. - The association plans to initiate collective legal actions against Ctrip and other online travel platforms for their alleged monopolistic behaviors [9]. - Industry representatives have criticized Ctrip for its high commission rates, which reportedly range from 30% to 40%, significantly impacting the profit margins of homestay operators [12]. Group 3: Previous Incidents and Complaints - Ctrip has faced previous scrutiny, including being named by CCTV for allegedly seizing hotel pricing authority and manipulating prices without merchant consent [14][16]. - Regulatory bodies in Guizhou and Zhengzhou have previously conducted talks with Ctrip regarding its pricing practices and compliance with relevant laws, emphasizing the need for fair competition [16]. - Users have reported significant price fluctuations on Ctrip's platform, raising concerns about the company's pricing strategies and transparency [14][16]. Group 4: Financial Performance - Despite the ongoing scrutiny, Ctrip reported record financial performance, with revenue reaching 47.01 billion yuan in Q3 2025, a year-on-year increase of 15.93%, and a net profit of 29.01 billion yuan, up 94.59% [17][18].

Core Viewpoint - The State Administration for Market Regulation has initiated an investigation into Ctrip Group for suspected monopolistic behavior, following complaints from the Yunnan Provincial Tourism Homestay Industry Association regarding unfair competition practices [2][3]. Group 1: Investigation and Response - The investigation is based on allegations of Ctrip abusing its market dominance, including practices such as "choose one from two" clauses, arbitrary commission increases, and unfair trading conditions [3][4]. - Ctrip has stated it will cooperate with the regulatory authorities and continue to provide quality services to users and partners [2]. Group 2: Complaints and Evidence Collection - The Yunnan Homestay Association has received multiple complaints from its members about Ctrip's practices, which they believe harm the rights of homestay operators and disrupt fair market competition [3][4]. - The association has decided to collect evidence of unfair competition and monopolistic behavior from its members, including contract terms and communication records [4]. Group 3: Broader Industry Context - The association's president indicated that similar issues exist across the OTA industry, particularly among leading platforms, and that the investigation will encompass all relevant OTA platforms [6]. - Previous regulatory actions have been taken against Ctrip and other platforms for similar issues, including price manipulation and contract violations [6]. Group 4: Market Impact - Following the announcement of the investigation, Ctrip's stock price fell by 6.49%, closing at 569.5 HKD per share [7].

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 ...