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A class action lawsuit has been filed against Trip.com Group (NASDAQ: TCOM) following a 17% drop in its share price due to an investigation by Chinese regulators under the Anti-Monopoly Law. The lawsuit seeks to represent investors who purchased Trip.com securities between April 30, 2024, and January 13, 2026. The firm Hagens Berman is investigating whether Trip.com misled investors regarding its AI pricing tool and the associated regulatory risks. The investigation was prompted by reports of coercive pricing practices and the company's subsequent announcement of the investigation.

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22:05 ETTCOM INVESTOR ALERT: Trip.com (TCOM) Facing Class Action After AI Pricing Controversy and Anti-Monopoly Probe Sends Shares Tumbling -- Hagens Berman

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The Hang Seng Index fell over 3% in Q1, entering correction territory due to the Iran war's impact on the stock market. Trip.com was the worst performer, dropping 31%, followed by Kuaishou Technology (-30%) and SMIC (-28%). Other laggards included Meituan, Xiaomi, and Alibaba. Conversely, Sun Hung Kai Properties and Geely saw gains of 38% and 30%, respectively. The index's future performance will be influenced by ongoing developments in the Iran-US conflict, which may further affect market stability.

- The Hang Seng Index fell over 3% in Q1, entering correction territory after a decline attributed to the Iran war, mirroring global indices' downturns.  
- Trip.com, Kuaishou Technology, and Semiconductor Manufacturing International (SMIC) were among the biggest losers, facing challenges from regulatory investigations, market slowdowns, and potential sanctions, respectively.  
- Conversely, stocks like Sun Hung Kai Properties and Geely saw significant gains, driven by easing regulations and rising energy prices, while market sentiment remains cautious about the ongoing geopolitical situation.

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Alibaba

China Southern Hang Seng ETF

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Hang Seng Index top movers in Q1 revealed: best and top laggards

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Jane Sun, CEO of Trip.com, has transformed the company into Asia's largest online travel agency since joining in 2005. Under her leadership, Trip.com has grown significantly, now valued at around $50 billion and listed in the U.S. and Hong Kong. Despite challenges from the Covid-19 pandemic, Sun prioritized customer service, refunding millions to maintain trust. Recognized for her achievements, she balances a demanding work schedule with family life, aiming to be a role model for her children.

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From early Chinese international student to CEO of Asia’s largest online travel agency: Jane Sun’s rise

Kessler Topaz Meltzer & Check, LLP has announced a securities fraud class action lawsuit against Trip.com Group Limited (NASDAQ: TCOM) for investors who purchased shares between April 30, 2024, and January 13, 2026. The lawsuit alleges that the company made misleading statements regarding its business practices, particularly concerning regulatory risks related to monopolistic activities. Investors have until May 11, 2026, to seek lead plaintiff status. The stock price dropped significantly following news of an investigation into alleged antitrust conduct by Chinese regulators.

11:05 ETTCOM Investor Alert: Kessler Topaz Meltzer & Check, LLP Encourages TCOM Investors with Losses to Contact the Firm

Trip.com Group Limited faces a lawsuit alleging it concealed antitrust regulatory timelines, leading to a 19% decline in share price. The lawsuit claims shareholders were not adequately warned about escalating regulatory scrutiny from April 2024 to January 2026, resulting in significant losses. Key events include the company's annual report framing antitrust risks as hypothetical, followed by regulatory summonses and a formal investigation by the State Administration for Market Regulation. Shareholders who purchased TCOM securities during this period may be eligible to recover damages, with a lead plaintiff application deadline of May 11, 2026.

09:00 ETTCOM Lawsuit Alleges Concealment of Antitrust Regulatory Timelines - TRIP.COM GROUP LIMITED Investors Face Losses Following 19% Share Price Decline: SueWallSt

Trip.com has partnered with Checkout.com to enhance payment solutions for global travelers, supporting its expansion in key markets like Saudi Arabia, Japan, the UK, and North America. This collaboration aims to streamline the booking experience by implementing high-performing payment services and exploring diverse local payment methods. The partnership will improve payment acceptance rates and reduce operational costs, ultimately delivering a better experience for customers. Both companies are focused on co-creating a payment strategy that drives performance and supports the growth of the tourism industry in a digital economy.

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ZAWYA-PRESSR: Trip.com teams up with Checkout.com to simplify payments for global travelers

Trip.com Group Limited is facing a class action lawsuit for securities law violations, specifically for misleading investors about regulatory risks related to its monopolistic practices. The lawsuit, initiated by the DJS Law Group, pertains to shares purchased between April 30, 2024, and January 13, 2026, with a deadline for participation set for May 11, 2026. Shareholders who suffered losses are encouraged to contact the firm for potential lead plaintiff appointments. The DJS Law Group specializes in securities class actions and aims to enhance investor returns.

01:38 ETTrip.com Group Limited Sued for Securities Law Violations - Contact the DJS Law Group to Discuss Your Rights - TCOM

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36Kr learned that data from Qunar Travel shows that from April 1 to 6, the number of travelers flying to many popular cities increased by 30% compared to last year. The spring break has a significant stimulating effect on the Qingming Festival tourism market, with many places welcoming a "mini Golden Week." Hotel bookings in Guangzhou increased by 1.8 times, Sanya by 1.4 times, Luoyang and Hangzhou by 1.2 times, and Beijing nearly doubled

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Qunar Travel: Hotel bookings in Beijing, Guangzhou, Hangzhou, and Sanya during the Qingming holiday increased by more than double

Trip.com Group Limited (TCOM) Class Action Lawsuit: Investors Face May 11, 2026, Deadline | TCOM Stock News

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Trip.com Group Limited (TCOM) Class Action Lawsuit: Investors Face May 11, 2026, Deadline | TCOM Stock News

Trip.com Group (NASDAQ: TCOM) faces a securities class action lawsuit following a 17% drop in its share price due to an investigation by Chinese regulators under the Anti-Monopoly Law. The lawsuit claims the company misled investors about its AI price adjustment tool, which allegedly coerced hotel partners into price reductions. The investigation has raised concerns about Trip.com's business practices and regulatory risks, prompting a significant market reaction that wiped out over $8 billion in market capitalization. Hagens Berman is leading the investigation and urges affected investors to come forward.

16:20 ETTrip.com Group (TCOM) Shares Crater Amid Questions Over AI Price Adjustment Tool, Anti-Monopoly Regulatory Probe; Securities Class Action Pending -- Hagens Berman

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With the asset-light transition advancing and the hospitality &amp; travel sector recovering, Q4 sustained the strong momentum seen in Q3. Results beat expectations.

HTHT: After the reset and rebound, how long can the poster-child status last?---

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On March 18th, Hong Kong stocks closed today with the three major indices slightly higher, with the Hang Seng Index rising 0.61% to successfully return to 26,000 points. In terms of sectors, the retail sector performed strongly driven by consumer recovery, while the oil and gas sector declined due to fluctuations in oil prices. The heavyweight stock Alibaba rose 2.30%, supporting the index. The market was active, with significant movements in the artificial intelligence concept and optical fiber sectors, as funds speculated on the pace of economic recovery and key macro indicators

- On March 18, Hong Kong's stock indices saw slight gains while maintaining a volatile pattern, with overall market sentiment remaining stable.  
- The Hang Seng Index rose by 0.61% to 26,025.42 points, staying above 26,000 but still below previous highs, while the Hang Seng Tech Index increased marginally by 0.01%.  
- Retail stocks surged amid expectations of consumer recovery, whereas the oil and gas sector weakened due to international price fluctuations.

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Hong Kong stock market closing | Hang Seng Index rose 0.61% to stand above 26,000 points, with the retail sector leading the gains. Alibaba rose 2.3%

Trip.com Group (NASDAQ: TCOM) faces a securities class action lawsuit following a 17% drop in share price due to an investigation by Chinese regulators under the Anti-Monopoly Law. The lawsuit claims the company misled investors about its AI price adjustment tool, which allegedly coerced hotel partners into price reductions. The investigation by Hagens Berman seeks to represent investors who suffered losses between April 30, 2024, and January 13, 2026. The firm is also looking into the resignation of co-founders and the tool's impact on pricing autonomy for hotel partners.

15:13 ETTrip.com Group (TCOM) Shares Crater Amid Questions Over AI Price Adjustment Tool, Anti-Monopoly Regulatory Probe; Securities Class Action Pending -- Hagens Berman

Financial Analysis

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Trip.com HK SDR 50to1

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Conference Minutes

Below is Dolphin Research's transcript summary of $Trip.com(TCOM.US) FY25 Q4 earnings call. For our earnings take, please see 'Trip.com: After the regulatory crackdown, can it stay lean and premium?'I. Review of core financial metrics. II. Detailed call notes.2.1 Management's key messages. 1) Three priority areas for investment.Inbound travel is viewed as a structural growth engine for the platform and destination economies. CSR initiatives: long-term value creation requires ongoing reinvestment in the ecosystem...

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TCOM (Trans): No update on regulatory issues

In the early hours on Feb 26 in U.S. after-hours, under a regulatory overhang, $Trip.com(TCOM.US) released FY2025 Q4 results. Overall, the print was decent, with revenue growth beating prior guidance and re-accelerating.However, opex increased across the board, rising faster than revenue and dragging GAAP OP below expectations. Details follow:1) Strong, accelerating revenue growth. On revenue, total net revenue rose 21% YoY, marking a YTD high and a clear acceleration vs. last quarter. Growth across business lines was broadly ahead of prior guidance...

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TCOM: After the regulatory crackdown, can it remain a lean, high-quality play?

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TCOM 4Q25 First Take: Results were solid, with both strengths and weaknesses. The highlight is revenue growth beating prior guidance across the board, with a clear acceleration. A minor weakness is expenses ramped meaningfully, especially marketing, pushing GAAP OP below expectations. Given limited disclosure in the release and the market's focus on recent regulatory issues and potential impact, please refer to the upcoming Trans for more detail. Quarter details: Key points below. 1) Total revenue rose nearly 21% YoY, a clear step-up from 15% last quarter and well ahead of guidance and Street. By biz. line, growth picked up across segments. Outperformance came mainly from package tours and Ads &amp; Other, two smaller lines that surprised on the upside. 2) Alongside strong topline, total opex growth accelerated to 23% YoY despite a tough base, outpacing revenue. The main driver was marketing spend, up 30%+.With JD and Fliggy stepping up, while unlikely to dent TCOM's share, they likely raised traffic acquisition pressure, resulting in GAAP OP coming in ~4% below expectations. More detail will be in the upcoming Trans.

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Taking the chance to accumulate a good counter on weakness. Looking to scale in further.$Trip.com HK SDR 50to1(HTGD.SG)

Expensive counter to trade. Wait for it to drop more 😁

2026 Resolution-Trade like professional . Do not FOMO. Keep more cash.

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$Trip.com(TCOM.US) $TRIP.COM-S(09961.HK) Here's what happened: Trip.com is under investigation by China's State Administration for Market Regulation over potential monopoly practices. The company has stated that it will cooperate fully with regulators, comply with all requirements, and maintain normal business operations. In terms of market share, the Trip.com Group (including Qunar) holds close to 70% of the GMV in China’s online travel market, with its main platform alone accounting for 56%. Competitors such as Tongcheng, Meituan, Fliggy, and Douyin hold market shares of 15%, 13%, 8%, and 3%, respectively. It is important to note that while holding a dominant market position is not illegal, abusing such a position violates antitrust regulations. Industry-wide scrutiny is intensifying: tourism and homestay associations in regions like Yunnan and Huangshan have launched anti-monopoly initiatives, and authorities have summoned multiple online travel platforms—including Trip.com—for discussions. Market sentiment may remain cautious as the situation evolves. However, the most significant regulatory risks appear to have been largely factored into current valuations.

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Today’s Key News Recap

0114 | Dolphin Research Focus: 🐬 Macro/Industry 1) The China Chamber of Commerce to the EU said talks on the EU's anti-subsidy probe into Chinese EVs have made solid progress, with the EU set to replace countervailing duties with price undertakings. Eligible Chinese auto exporters can apply for assessment to obtain tariff exemptions, and the framework follows WTO rules and the non-discrimination principle, giving exporters clearer visibility for shipments to Europe. This helps defuse the China‑EU auto trade dispute, benefits major exporters such as BYD and SAIC, and supports value‑chain and supply‑chain stability.2) With CSRC approval, the Shanghai, Shenzhen and Beijing exchanges issued a notice to adjust the margin requirement for margin financing. The notice adjusts the margin requirement ratio...

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US 'easing' on H200 chips hits a wall; TCOM tumbles late on antitrust probe | Daily News Recap

1118 | Dolphin Research Focus: 🐬 Macro 1. Today, both Hong Kong and A-shares collectively declined as the market's expectation for a December rate cut by the Federal Reserve continued to decrease. According to CME's &#34;FedWatch&#34;, the probability of a 25 basis point rate cut by the Federal Reserve in December has dropped to 42.9%, previously exceeding 70%. Federal Reserve Governor Waller also stated that if the job market rebounds, the necessity for an insurance rate cut will diminish. Additionally, the sell-off pressure on tech stocks and the Japanese bond market faced a sell-off wave due to concerns that the Kishida government will implement a large-scale fiscal expansion plan. Under multiple factors, global markets collectively declined...

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Global Markets Hit by 'Cold Wave'; Google AI Advances in Travel Services Track | Today's Important News Recap

The following are the minutes of the FY25Q3 earnings call for $Trip.com(TCOM.US) organized by Dolphin Research. For an interpretation of the earnings report, please refer to &#34;Trip.com: Awaiting the Release of Overseas Profits.&#34; I. Review of Core Financial Information II. Detailed Content of the Earnings Call 2.1 Key Information from Executive Statements 1. Strong Market Demand: The global tourism industry is booming, with travel enthusiasm surging. Travel demand is skyrocketing, primarily driven by the robust vitality of domestic tourism in China and the steady recovery of outbound travel. Travelers are actively exploring new destinations, seeking authentic and in-depth cultural experiences...

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Ctrip (Minutes): Marketing expenses will continue to rise in the peak season of 4Q

After the US stock market closed on November 18, $Trip.com(TCOM.US) announced its financial results for the third quarter of fiscal year 2025. The performance remained stable, with both revenue and profit slightly better than expected. Specifically: 1. Overall performance remained stable: In general, Trip.com Group's net revenue for this quarter was approximately RMB 18.3 billion (excluding business tax), representing a year-on-year increase of 15.4%. The growth rate slightly slowed down compared to the previous quarter but was still slightly higher than the market expectation of 14.5%, indicating stable growth. In terms of profit, the adjusted operating profit, after adding back stock-based compensation, was RMB 6.2 billion, a year-on-year increase of 13%, slightly higher than the company's guidance of RMB 5.8-5.9 billion...

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Ctrip: Awaiting the Release of Overseas Profits

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22:05 ETTCOM INVESTOR ALERT: Trip.com (TCOM) Facing Class Action After AI Pricing Controversy and Anti-Monopoly Probe Sends Shares Tumbling -- Hagens Berman

Hang Seng Index top movers in Q1 revealed: best and top laggards

From early Chinese international student to CEO of Asia’s largest online travel agency: Jane Sun’s rise

11:05 ETTCOM Investor Alert: Kessler Topaz Meltzer & Check, LLP Encourages TCOM Investors with Losses to Contact the Firm

09:00 ETTCOM Lawsuit Alleges Concealment of Antitrust Regulatory Timelines - TRIP.COM GROUP LIMITED Investors Face Losses Following 19% Share Price Decline: SueWallSt