JD.Com Wins Lawsuit Against Alibaba

Chinese online retailer JD.com said on Friday that it won a lawsuit against rival Alibaba, which was fined 1 billion yuan ($140.68 million) for monopolistic practices.

The High People’s Court of Beijing ruled that Alibaba Group Holding Limited along with Zhejiang Tmall Network Co and Zhejiang Tmall Technology Co had abused their market dominance and adopted monopolistic practices known as “choosing one from two” causing JD.com severe damage, JD.com said in a statement published on its official WeChat account.

JD.com said it has nothing more to add beyond the statement.

“This ruling is not only a fair decision for JD’s resistance against the ‘choose one out of two’ monopoly, but a landmark moment in upholding market fairness and competition order through the rule of law,” the statement said. “It will be a significant moment in China’s anti-monopoly legal process.”

An Alibaba spokesperson said they were aware of the ruling and “respect the court’s decision”.

Reuters/Hauwa Abu