# regulatory probe

Trip.com posts strong 2025 results as co‑founders quit and a regulator probe lingers

Trip.com Group posted 2025 net revenue growth of about 17% and a near‑doubling of attributable profit, buoyed by a large one‑off gain from selling its MakeMyTrip stake. Two co‑founders resigned and the company is under investigation by China’s State Administration for Market Regulation, creating governance and regulatory uncertainty despite solid underlying travel demand.