After Trip.com probe, Jefferies notes takeaways from prior anti-monopoly cases

After Trip.com (TCOM) announced it received a notice of investigation from the State Administration for Market Regulations of China, which has commenced investigations pursuant to the country’s anti-monopoly law, Jefferies summarized key takeaways related to past cases in internet sector as there is limited information about the investigation details at this stage. In prior cases related to Alibaba (BABA) and ArcelorMittal (MT), it took around three to six months from investigation to decision and the fines amounted to around 3%-4% of domestic revenue in the prior year, highlights the analyst, who has a Buy rating on Trip.com shares.