<div id="readability-page-1"><div>By Robyn MakRegulators are probing Trip.com for monopolistic behaviour, erasing $8 bln in value, or 17%, from the travel group. Its dominance, surging profits and hotelier complaints are valid concerns. As with past crackdowns, it may also help Beijing to shape the market to its liking.Full view will be published shortly.Follow Robyn Mak on X.CONTEXT NEWSChina's State Administration for Market Regulation on January 14 said it has launched an investigation into online travel company Trip.com over alleged monopolistic practices. The company's New York shares closed down 17% to $62.78 on the day. Trip.com said in a statement that it was &#34;actively&#34; co-operating with the investigation and would &#34;fully implement regulatory requirements&#34;.</div></div>

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China's State Administration for Market Regulation has initiated an investigation into Trip.com for alleged monopolistic behavior, resulting in a 17% drop in the company's New York shares, erasing $8 billion in value. Trip.com stated it is cooperating with the investigation and will comply with regulatory requirements.

China wields a steadier blade over tech giants