Trip.com Shares Hit 17-Month Low After 3% Drop on Uncertain China Probe
Trip.com Group’s Hong Kong-listed shares dropped 3% to their lowest level in 17 months after the company disclosed it cannot predict the outcome of China’s ongoing anti-monopoly probe. The company also reported double-digit increases in both fourth-quarter and full-year net profit for 2025.
1. Share Price Reaction
Trip.com Group’s shares fell 3% in Hong Kong trading, marking a 17-month low as investors reacted to uncertainty over the company’s regulatory outlook. The decline reflects heightened concern over potential fines or business restrictions stemming from the investigation.
2. Anti-Monopoly Investigation
China’s regulators have opened an anti-monopoly probe into the online travel agency, but the company stated it cannot predict when the inquiry will conclude or what measures might be imposed. This lack of clarity has increased volatility in Trip.com’s stock and raised questions about future compliance costs.
3. Profit Performance
In its latest earnings statement, Trip.com reported double-digit year-on-year growth in fourth-quarter net profit and full-year net profit for 2025. Strong demand for domestic and international travel bookings offset rising operating expenses to deliver the profit gains.
4. Market Impact and Outlook
Investor sentiment remains cautious as the probe unfolds, with analysts reevaluating valuation multiples to account for regulatory risk. Management has not updated its revenue guidance, leaving market participants to monitor further announcements for clarity on near-term prospects.