Alibaba to pay $140 million in China and why JD.com is ‘happy’ about it
Alibaba to pay $140 million in China and why JD.com is ‘happy’ about it
Chinese online retailer JD has won an anti-monopoly lawsuit against rival Alibaba. The High People's Court of Beijing ruled that Alibaba abused China's market dominance and must pay one billion yuan. Alibaba's practice of "choosing one from two" caused severe damages. JD stated that the ruling upholds market fairness and competition order. Alibaba respects the court's decision. Alibaba and JD criticized each other for the exclusive operation practice.
Chinese online retailer JD has won an anti-monopoly lawsuit against rival Alibaba. The High People's Court of Beijing ruled that Alibaba abused China's market dominance and must pay one billion yuan. Alibaba's practice of "choosing one from two" caused severe damages. JD stated that the ruling upholds market fairness and competition order. Alibaba respects the court's decision. Alibaba and JD criticized each other for the exclusive operation practice.
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Chinese online retailer JD has won an anti-monopoly lawsuit against rival Alibaba. The High People's Court of Beijing ruled that Alibaba abused China's market dominance and must pay one billion yuan. Alibaba's practice of "choosing one from two" caused severe damages. JD stated that the ruling upholds market fairness and competition order. Alibaba respects the court's decision. Alibaba and JD criticized each other for the exclusive operation practice. 
