From Quiver Quantitative:

In a victory for JD.com in China’s e-commerce industry, the High People’s Court of Beijing has ruled that online retailer Alibaba must pay a 1 billion yuan fine for engaging in monopolistic practices. Alibaba, along with its subsidiaries, has been accused of pressuring brands and merchants into working exclusively on their platform, thereby limiting competition. The court decision follows a previous $2.75 billion fine on Alibaba in 2021 for similar market abuses. The ruling signifies the Chinese government’s commitment to regulating and ensuring fair competition in the digital economy. The verdict is expected to impact China’s tech sector and prompt additional companies to re-evaluate business practices.

JD.com has prevailed over Alibaba in an antitrust lawsuit in China, securing a billion-yuan fine for market dominance abuses. “Choosing one from two,” a practice involving platform exclusivity, has been condemned by the court, emphasizing the need for market fairness and competition in the e-commerce landscape. The ruling is a significant step in enforcing fair competition and legal regulation in the tech industry and may lead to wider choices and potentially lower prices for consumers. This decision marks a pivotal moment in China’s anti-monopoly legal process, setting a precedent for future cases in the digital economy.



Read more: JD.com Triumphs Over Alibaba in Pivotal Antimonopoly Lawsuit