In 2021, Alibaba founder Jack Ma faced backlash after criticizing Chinese regulators, leading to an antitrust investigation and the scuttling of Ant Group’s $34 billion IPO. Now, Trip.com is under similar scrutiny, with Beijing launching an antitrust probe into the travel giant, causing shares to drop 20%. Despite this, Trip.com remains China’s leading online travel agency, dominating the market with a $40 billion market cap. Analysts remain positive on Trip.com stock, with a consensus “Strong Buy” rating and a mean target price of $83.11, suggesting potential upside of 34% if fines are contained and growth resumes.

Read more at Barchart: Can Trip.com Recover After Beijing Gives It the ‘Jack Ma’ Treatment?