Company: TCOM
Filing Date: 2025-04-11
Form Type: 20-F
Source: 0001193125-25-078429
Chunk: 50

Company: Trip.com Group Ltd
Filing Date: 2025-04-11
Form: 20-F
Item: Item 3
Chunk 50
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 our technology platform;
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•   challenges in replicating or adapting our company policies and procedures to operating environments different from that of China;
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•   national security policies that restrict our ability to utilize technologies that are deemed by local governmental regulators to pose a threat to their national security;
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•   the need for increased resources to manage regulatory compliance across our international businesses;
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•   compliance with privacy laws and data security laws and compliance costs across different legal systems;
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•   heightened restrictions and barriers on the transfer of data between different jurisdictions;
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•   business licensing or certification requirements of the local markets;
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•   exchange rate fluctuations;
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•   political instability and general economic or political conditions in particular countries or regions, including territorial or trade disputes, war and terrorism; and
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•   significant capital required for entering into new geographical markets, including cost of promoting our current and future brands in the new markets and building sales and services networks.
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 There is no assurance we will be able to manage these risks and challenges as we continue to grow our international businesses. Failure to manage these risks and challenges could negatively affect our ability to expand our international businesses and operations as well as materially and adversely affect our business, financial condition and results of operations. 
 Our business is subject to various laws across many jurisdictions, many of which are complex and evolving. 
 We are subject to a variety of laws and regulation across the many jurisdictions where we operate, including without limitation those relating to e-commerce, data privacy, cybersecurity, travel industry, sanctions, consumer protection, payment, intellectual property protection, investment and taxation. 
 These laws and regulations can be significantly different across different jurisdictions and are continually evolving. Compliance with these laws and regulations is costly, requires significant management time and effort and may require changes to our business practices for local adaptation. We may also be subject to inconsistent compliance obligations across jurisdictions. In addition, if enhanced enforcement of laws and regulations require us to expend significant resources in response or result in the imposition of new obligations, our business and results of operations could be adversely affected. 
 A variety of laws and regulations govern or apply to collection, processing, sharing, disclosure, transfer and other use of data regarding consumers. We are subject to laws, regulations, contractual obligations and industry standards relating to privacy, data protection, information security and consumer protection, which are evolving and subject to potentially differing interpretations. The regulatory environment in these areas is becoming increasingly rigorous