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Did Airbnb, Booking Holdings, Tripadvisor, Oyo, and Marriott, among others, squirm a bit upon learning of Chinese regulators' latest antitrust crackdowns, this time against ridesharing giant Didi and food-delivery and hotel booker Meituan? If not, they should.

Series: Dennis' Online Travel Briefing

Dennis' Online Travel Briefing

Editor’s Note: This briefing is available exclusively for subscribers to Skift Pro.

Every Wednesday, Executive Editor and online travel rockstar Dennis Schaal will bring readers exclusive reporting and insight into the business of online travel and digital booking, and how this sector has an impact across the travel industry.

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Online Travel This Week China's largest ridesharing company, Didi Global, debuted on the New York Stock Exchange a week ago, and promptly fell off a proverbial cliff, losing about one-fourth of its market value in the past five days, a victim of its own government's antitrust c