Trip.com Faces U.S. Investor Lawsuits After China Opens Antitrust Probe

Overview

• Law firms including Hagens Berman, Robbins, Glancy, and Rosen issued notices Monday through Wednesday inviting Trip.com investors to seek lead-plaintiff roles by May 11.
• Trip.com disclosed January 14, 2026 that China’s State Administration for Market Regulation opened an Anti‑Monopoly Law investigation, and its ADSs fell $12.90, or about 17%, to $62.78 that day.
• The lawsuits claim the company downplayed regulatory risk tied to alleged monopolistic practices, with Bloomberg reporting regulators accused Trip.com of abusing market power.
• Complaints point to an AI tool that cut hotel prices when it found lower rates elsewhere and, according to press reports, pushed hotels into promotions and reduced visibility for those who resisted.
• The litigation is in early stages with no class certified, the alleged class period varies by filing from April 30, 2024 or April 30, 2025 through January 13, 2026, and press reports say Trip.com later halted the pricing tool and saw co‑founders exit the board.